St Louis Home Sales Trend Declining

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The home sales trend in St Louis is easing with 29,778 homes being sold in the St Louis 5-county core market during the 12-month period ended December 31, 2021, according to the chart below provided by MORE, REALTORS®.  This 12-month rate of St Louis home sales has declined for the 3rd month in a row after peaking at 30,225 homes sold in the 12-month period ended September 30, 2021.

Leading indicator Reports Show a Downturn in Home Sales as well…

The STL Real Estate Trends Report, below the chart, shows new contracts written on listings for the most recent week reported, compared with the same week last year.  As the report shows, contracts written during the most recent week were down 23% from the same week a year ago, with all 5 counties reported showing a double digit decline.  Franklin County saw the biggest drop at 34% followed by St Louis City witha. 31% decline.

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