St Louis Home Sales Decline In January

St. Louis home sales cooled off in January with 1,592 homes sold in the 5-county core St Louis real estate market (the city of St Louis and the counties of St Louis, St Charles, Jefferson and Franklin), a decline of over 15 percent from January 2013 when there were 1,876 homes sold.  St Louis home prices, on the other hand, rose almost 12 percent (11.85%) from a median price of $115,000 in January 2013 to $129,625 in January 2014.  As the table below shows, all the St Louis core areas so a decline in home sales in January from a year ago with the exception of the city of St Louis and all saw increased home prices with the exception of Franklin County.

On a national level, existing home sales in January 2014 were down 3.4% from a year ago (not seasonally adjusted) and home prices, for the same period, increased 8.8%.

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St. Louis home sales

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