St Louis home prices up 4.4 percent in past year; St Louis home sales up almost 19 percent during same period

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The National Association of REALTORS® (NAR) announced this morning that U.S. existing home sales increased in October falling 1.7 percent from the month before, a 2.1 percent increase from the month before and an increase of 10.9 percent from a year ago.  The NAR report indicated the median home price in the U.S. in October was $178,300, an increase of 11.1 percent from a year ago.  The St. Louis Real Estate market (the 5-county core St Louis Real Estate area I’m showing which includes the City of St Louis and the Counties of St Louis, St Charles, Jefferson and Franklin) saw home prices fall slightly (1.1 percent) in October from September to a median price of $120,000 which is an increase of 4.4 percent from a year ago.  St Louis home sales, on the other hand, rose in October 6.6 percent from the month before to 2,607 homes, an increase of 18.9 percent from a year ago. If you would like to receive a free copy of the NAR home sales report please click here for immediate access.

 

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Source: MORE, REALTORS

 

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