St Louis homes sales (the 5-county core market*) for the 12 month period ending November 30, 2013 increased 4 percent from the same period a year ago, in contrast to national home sales which are down 1.2 percent from a year ago. As the table below shows, St Louis distressed home sales (foreclosures, bank-owned and short sales) have declined by more than a third and are currently responsible for just 5 percent of the overall home sales.
St Louis home prices are increasing too with the median home price for the past year coming in at $149,600, an increase of 10.81 percent from a year ago when the median price was $135,000. St Louis home prices have increased more than the national rate of of 9.4 percent for the past year.
*The St Louis “Core Market” is comprised of the city of St Louis and the counties of St Louis, St Charles, Jefferson and Franklin.
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