St Louis Home Sales Up Nearly 6 Percent From Year Ago

There were 26,039 homes sold in St Louis during the 12 month period ending July 31, 2016 (5-county core St Louis market),  an increase of 5.9 percent from the prior 12 month period.  As the table below shows, the median sales price during the past 12 months was $174,900, an increase of 4.4 percent from the prior 12 month period when the median price was $167,500.

Home prices per foot …

As the table below illustrates, homes in the St Louis 5-county core market sold at a median price of $117/per foot during the prior 12 month period and, for closings that took place last month, the price per foot was $124.

Inventory is still low..

There are currently 6,951 listings for sale in the 5 county core market which represents a 2.9 month supply of homes for sale, about half of the 6-month supply that would be considered “normal”.

 

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St Louis 5-County Core Market – Market Report

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St Louis MSA – Market Report

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