St Louis Inventory of Homes For Sales Increases 3 Percent While Price Per Foot Stays Flat

dennis-norman-realtorOn a national real estate site I write for I did an article earlier today about a report that came out indicating the inventory of homes for sale in 35 major metro markets had dropped by 27 percent in the past year while the price per foot of those homes increased about 10 percent.   This prompted me to take a look at the St. Louis market to see how it did in comparison and, as the chart below shows, St. Louis has seen a different result with the inventory of homes for sale increasing somewhat in the past year while home prices (on a per square foot basis) remained relatively flat.  In January 2012, there were 13,304 homes for sale in the St Louis metro area and today there are 13,758, an increase of 3.4 percent.  St Louis metro area home prices per foot are at $95.97 today and were at $95.86 a year ago.

On a national real estate site I write for I did an article earlier today about a report that came out indicating the inventory of homes for sale in 35 major metro markets had dropped by 27 percent in the past year while the price per foot of those homes increased about 10 percent.   This prompted me to take a look at the St. Louis market to see how it did in comparison and, as the chart below shows, St. Louis has seen a different result with the inventory of homes for sale increasing somewhat in the past year while home prices (on a per square foot basis) remained relatively flat.  In January 2012, there were 13,304 homes for sale in the St Louis metro area and today there are 13,758, an increase of 3.4 percent.  St Louis metro area home prices per foot are at $95.97 today and were at $95.86 a year ago.

Source: MORE, REALTORS

 

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