St. Louis, take a look at our live, interactive chart for January YTD home sales—a snapshot that tells quite a story. Here’s a breakdown of what the numbers are saying and why they matter to you.
A Look at the Data
- January 2025:
- YTD home sales came in at 1,674.
- That’s an 8% drop from January 2024’s 1,820 sales.
- Recent Year-Over-Year Shifts:
- 2020 to 2021: Sales surged from 2,060 to 2,539—a jump of roughly 23%.
- 2021 to 2022: A cooling set in with a decline of about 7.7% (from 2,539 down to 2,343).
- 2022 to 2023: We saw a dramatic plunge of around 27%, dropping from 2,343 to 1,707.
- 2023 to 2024: A modest rebound of roughly 6.6% brought us to 1,820, only for 2025 to dip again by about 8%.
Historical Averages Tell the Tale
- Long-Term Average (1999–2025):
- Over 27 years, January YTD sales have averaged about 1,755 homes.
- Early years like 1999 and 2001 saw numbers in the 1,100–1,200 range, reflecting a very different market.
- Past 10 Years (2016–2025):
- The average here is a much higher 2,015 homes per January.
- This recent decade witnessed a significant upswing, particularly with the 2021 spike.
- Past 5 Years (2021–2025):
- Averaging roughly 2,017 homes, these years remind us how exceptional 2021 was before the subsequent correction began in 2022.
What Does This Mean for You?
- For Buyers:
- The cooling trend after a record-setting 2021 means less frantic competition. More negotiating power could translate into better deals.
- For Sellers:
- The volatility signals a need to recalibrate expectations. Pricing strategies should reflect a market that’s shifted from its pandemic highs to a more balanced pace.
- Overall Outlook:
- The data suggests a market in transition. While the past decade raised the bar with double-digit figures, the recent downturns—especially the steep 27% drop in 2023—highlight that we might be entering a phase of adjustment. The fluctuations underscore the importance of staying informed and agile.
At MORE, REALTORS®
, our commitment is to provide transparent, client-focused insights that help you navigate these market shifts. Whether you’re buying or selling in St. Louis, understanding these trends can give you a competitive edge in making the best decisions for your future.
For a deeper dive, check out the live, interactive chart below. If you have questions or need tailored advice, reach out anytime—we’re here to help you turn data into strategy.
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