Existing home sales in Midwest drop 6.6 percent from July to August; St Louis down 9 percent

Dennis Norman

Dennis Norman

By: Dennis Norman

According to the latest report released today from the National Association of REALTORS(R), existing home sales for August in the Midwest dropped 6.6 percent to a seasonally adjusted rate of 1.14 million units down from a level of 1.22 million units in July.  The August home sales rate of 1.14 million happens to be exactly what it was this time last year for the Midwest which is not as well as the US is doing as a whole.  As a whole, the rate of existing home sales in August was up 3.4 percent from a year ago with the West region being the biggest gainer, up 7.4 percent.

Median home prices in the US fell 2 percent in August from July and, here in the Midwest, we saw median home prices fall almost double that, 3.8 percent, from $155,900 in July to $149,900 in August, which represents a decline in price of 10.5 percent from a year ago.  Overall home prices in the US were down 12.5 percent from a year ago.

To bring this a little closer to home, I compiled some data on the St Louis area market (all the comments following are based upon the St. Louis metro market as a whole but I have broken out the data by county in the charts and graphs below):

  • There have been 15,214 homes sold this year through August 31st in the St. Louis metro area compared with 16,810 homes at the same time last year for a decrease of 9 percent.  The US as a whole had an increase in sales of 2 percent from last year (not seasonally adjusted).
  • The median sale price of homes sold this year in St. Louis is $136,500, down 5.8 percent from this time last year when the median home price was $145,000.  This is significantly better than the 12.5 percent price decrease in the past year for the US as a whole.
  • The median time on market for homes sold this year in St. Louis is 63 days, just about the same as last year when it was 65 days.
  • There are 19,635 homes listed for sale in the St. Louis area as of the end of August for a median supply of 11.2 months which is significantly higher than the 8.5 month supply for the US as a whole.

 Franklin County is definitely the area locally getting hit the hardest with a 19 month supply of homes for sale, a median time of 99 days on the market for homes sold this year.  However, maybe the Franklin county sellers stubbornness is paying off as the median price of homes sold this year is only a scant 1.1 percent less than this time last year.

St. Louis Home Sales - 2008

St. Louis Home Sales - 2008

St. Louis Home Sales - 2009

St. Louis Home Sales - 2009

Comparison of 2009 YTD Home sales to 2008

Comparison of 2009 YTD Home sales to 2008

Active Listings- St Louis Metro- August 2009

Active Listings- St Louis Metro- August 2009

Graph showing Listings vs Sales

Graph showing Listings vs Sales

Print Friendly, PDF & Email

96 comments to Existing home sales in Midwest drop 6.6 percent from July to August; St Louis down 9 percent

  • Wow that was strange. I just wrote an extremely long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say wonderful blog!

  • … [Trackback]

    […] There you will find 33004 more Information on that Topic: stlouisrealestatenews.com/real-estate-market/existing-home-sales-in-midwest-drop-6-6-percent-from-july-to-august-dead-even-with-a-year-ago/ […]

  • I like this website very much, Its a really nice place to read and find info . “If at first you don’t succeed, you’re running about average.” by M. H. Alderson.

  • I truly enjoy looking through on this site, it has got fantastic posts. “Heavier-than-air flying machines are impossible.” by Lord Kelvin.

  • I think this is among the most vital info for me. And i’m glad reading your article. But should remark on some general things, The site style is perfect, the articles is really nice : D. Good job, cheers

  • I think everything posted was very reasonable. But, think about this, suppose you added a little content? I mean, I don’t wish to tell you how to run your blog, but suppose you added a title that grabbed people’s attention? I mean BLOG_TITLE is kinda plain. You should look at Yahoo’s front page and see how they write news headlines to get people to open the links. You might add a related video or a picture or two to grab readers excited about what you’ve got to say. In my opinion, it would make your blog a little livelier.|

  • Heya i am for the first time here. I found this board and I in finding It really useful & it helped me out a lot. I am hoping to offer something back and help others like you aided me.|

  • Great work! This is the type of information that should be shared around the net. Shame on Google for not positioning this post higher! Come on over and visit my site . Thanks =)

  • Good day very nice site!! Guy .. Beautiful .. Wonderful .. I’ll bookmark your blog and take the feeds additionally…I’m glad to find a lot of helpful information right here in the put up, we want develop extra strategies in this regard, thanks for sharing.

  • so much excellent information on here, : D.

  • It’s the best time to make some plans for the future and it is time to be happy. I have read this post and if I could I wish to suggest you few interesting things or advice. Maybe you could write next articles referring to this article. I desire to read even more things about it!|

  • I really like your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do it for you? Plz answer back as I’m looking to construct my own blog and would like to know where u got this from. cheers|

  • Why people still use to read news papers when in this technological world everything is available on web?|

  • If some one wishes expert view regarding running a blog then i advise him/her to pay a quick visit this weblog, Keep up the fastidious job.|

  • Hello there, I do think your blog could possibly be having internet browser compatibility issues. Whenever I take a look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping issues. I simply wanted to provide you with a quick heads up! Aside from that, great website!|

  • … [Trackback]

    […] Here you can find 15106 additional Information to that Topic: stlouisrealestatenews.com/real-estate-market/existing-home-sales-in-midwest-drop-6-6-percent-from-july-to-august-dead-even-with-a-year-ago/ […]

  • I got this web page from my friend who told me on the topic of this site and at the moment this time I am visiting this website and reading very informative posts here.|

  • Hi friends, how is everything, and what you would like to say on the topic of this post, in my view its actually remarkable in favor of me.|

  • Hi are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you need any html coding knowledge to make your own blog? Any help would be really appreciated!|

  • Hey! This is my first comment here so I just wanted to give a quick shout out and tell you I genuinely enjoy reading through your articles. Can you recommend any other blogs/websites/forums that go over the same topics? Thanks for your time!|

  • If you desire to grow your knowledge simply keep visiting this web site and be updated with the newest information posted here.|

  • These are actually impressive ideas in regarding blogging. You have touched some fastidious things here. Any way keep up wrinting.|

  • Thanks for the article

  • What’s Taking place i am new to this, I stumbled upon this I have discovered It positively useful and it has aided me out loads. I’m hoping to give a contribution & help other customers like its helped me. Great job.|

  • Thanks in favor of sharing such a fastidious thinking, paragraph is good, thats why i have read it fully|

  • Washer Pros of Austi – 603 Davis St #36, Austin, TX 78701, United States — (512) 352-9650

  • If you are going for finest contents like myself, only go to see this web page all the time for the reason that it presents quality contents, thanks|

  • Washer Pros of Austin – 603 Davis St #36, Austin, TX 78701, United States — (512) 352-9650

  • Thank you for some other informative site. The place else may just I am getting that kind of info written in such an ideal approach? I have a mission that I am simply now running on, and I’ve been at the look out for such information.|

  • Washer Pros of Austin – 603 Davis St #36, Austin, TX 78701, United States — (512) 352-9650

  • Washer Pros of Austin – 603 Davis St #36, Austin, TX 78701, United States — (512) 352-9650

  • Washer Pros of Austin – 603 Davis St #36, Austin, TX 78701, United States — (512) 352-9650

  • Washer Pros of Austin – 603 Davis St #36, Austin, TX 78701, United States — (512) 352-9650

  • I enjoy, result in I found exactly what I was having a look for. You have ended my four day long hunt! God Bless you man. Have a nice day. Bye|

  • Unquestionably believe that that you stated. Your favorite justification seemed to be at the internet the easiest thing to take into accout of. I say to you, I certainly get irked while people consider worries that they plainly don’t recognize about. You managed to hit the nail upon the top and also outlined out the whole thing with no need side effect , other folks could take a signal. Will likely be back to get more. Thank you|

  • Today, I went to the beach with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!|

  • Hello! I simply wish to offer you a huge thumbs up for your great information you have right here on this post. I am coming back to your website for more soon.|

  • I believe what you published was actually very reasonable. But, consider this, what if you wrote a catchier title? I am not suggesting your information isn’t solid, however what if you added a post title that makes people want more? I mean BLOG_TITLE is a little boring. You ought to peek at Yahoo’s home page and see how they write post titles to grab viewers interested. You might try adding a video or a related pic or two to get people excited about what you’ve got to say. In my opinion, it could make your website a little bit more interesting.|

  • It’s perfect time to make some plans for the longer term and it’s time to be happy. I have learn this post and if I may just I wish to recommend you few attention-grabbing things or tips. Perhaps you can write subsequent articles regarding this article. I wish to learn more issues approximately it!|

  • This information is priceless. When can I find out more?|

  • I think the admin of this site is truly working hard in support of his site, because here every data is quality based information.|

  • … [Trackback]

    […] Read More here on that Topic: stlouisrealestatenews.com/real-estate-market/real-estate-market-general/existing-home-sales-in-midwest-drop-6-6-percent-from-july-to-august-dead-even-with-a-year-ago/ […]

  • You’re so interesting! I don’t believe I have read a single thing like that before. So great to discover somebody with some genuine thoughts on this topic. Seriously.. many thanks for starting this up. This site is one thing that is needed on the internet, someone with a bit of originality!|

  • I know this website presents quality based content and additional material, is there any other web site which gives these data in quality?|

  • I visited many web sites except the audio feature for audio songs current at this site is in fact superb.|

  • Spot on with this write-up, I really feel this amazing site needs much more attention. I’ll probably be back again to read through more, thanks for the information!|

  • Keep functioning ,great job!

  • Thanks for sharing your info. I truly appreciate your efforts and I will be waiting for your further write ups thank you once again.|

  • I was curious if you ever considered changing the structure of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or 2 images. Maybe you could space it out better?|

  • Hi, i think that i saw you visited my website so i came to “return the favor”.I am trying to find things to enhance my site!I suppose its ok to use a few of your ideas!!|

  • Hi everyone, it’s my first go to see at this web page, and post is actually fruitful for me, keep up posting these types of posts.|

  • Greetings from California! I’m bored to tears at work so I decided to check out your blog on my iphone during lunch break. I really like the knowledge you present here and can’t wait to take a look when I get home. I’m shocked at how quick your blog loaded on my mobile .. I’m not even using WIFI, just 3G .. Anyways, amazing site!|

  • Heya superb website! Does running a blog such as this require a lot of work? I have no expertise in coding however I had been hoping to start my own blog in the near future. Anyhow, if you have any recommendations or techniques for new blog owners please share. I know this is off subject nevertheless I just needed to ask. Many thanks!|

  • Hi there! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good results. If you know of any please share. Cheers!|

  • I am no longer positive the place you’re getting your info, however good topic. I needs to spend some time studying much more or figuring out more. Thank you for wonderful info I used to be in search of this info for my mission.|

  • Excellent article. Keep writing such kind of info on your site. Im really impressed by your blog.

  • What’s up, its pleasant paragraph regarding media print, we all be familiar with media is a impressive source of information.|

  • This post is worth everyone’s attention. When can I find out more?|

  • Why people still use to read news papers when in this technological world all is available on net?|

  • I am genuinely grateful to the owner of this site who has shared this enormous paragraph at at this place.|

  • I just couldn’t leave your site before suggesting that I really loved the usual info a person provide on your guests? Is going to be back continuously in order to investigate cross-check new posts|

  • Hey there, You have performed an excellent job. I’ll definitely digg it and personally recommend to my friends. I am confident they’ll be benefited from this site.|

  • Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you can do with a few pics to drive the message home a bit, but other than that, this is fantastic blog. A great read. I will definitely be back.|

  • Great web site you have got here.. It’s hard to find excellent writing like yours nowadays. I seriously appreciate individuals like you! Take care!!|

  • I truly appreciate this post. I?¦ve been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thx again

  • Wow, this post is nice, my sister is analyzing these kinds of things, therefore I am going to let know her.|

  • I really like what you guys are usually up too. This sort of clever work and reporting! Keep up the superb works guys I’ve included you guys to my personal blogroll.|

  • Good day! Do you use Twitter? I’d like to follow you if that would be okay. I’m absolutely enjoying your blog and look forward to new updates.|

  • Thank you for the good writeup. It in fact was a amusement account it. Look advanced to far added agreeable from you! However, how could we communicate?|

  • This is a topic which is close to my heart… Cheers! Where are your contact details though?|

  • It is appropriate time to make some plans for the future and it’s time to be happy. I’ve read this post and if I could I wish to suggest you some interesting things or advice. Perhaps you can write next articles referring to this article. I want to read more things about it!|

  • Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Nonetheless, I’m definitely delighted I found it and I’ll be bookmarking and checking back often!

  • We are a gaggle of volunteers and opening a new scheme in our community. Your website provided us with helpful info to paintings on. You have performed an impressive process and our entire community will probably be grateful to you.

  • I will right away seize your rss as I can’t to find your e-mail subscription link or newsletter service. Do you’ve any? Please allow me understand so that I could subscribe. Thanks.

  • Thanks for sharing excellent informations. Your site is very cool. I’m impressed by the details that you have on this site. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for extra articles. You, my pal, ROCK! I found simply the info I already searched all over the place and simply could not come across. What a great website.

  • I do agree with all the ideas you’ve presented in your post. They are very convincing and will certainly work. Still, the posts are too short for starters. Could you please extend them a little from next time? Thanks for the post.

  • I simply wished to say thanks again. I’m not certain the things I would have sorted out in the absence of those smart ideas shared by you concerning my subject matter. It had been a alarming scenario in my circumstances, but looking at the well-written technique you handled the issue forced me to jump for fulfillment. I am just grateful for this support as well as hope that you really know what a powerful job you were providing training people today through your web page. I am sure you have never encountered any of us.

  • Valuable information. Lucky me I found your site by accident, and I’m shocked why this accident did not happened earlier! I bookmarked it.

  • My developer is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using WordPress on a number of websites for about a year and am worried about switching to another platform. I have heard very good things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any help would be really appreciated!

  • Thank you for sharing superb informations. Your web site is so cool. I’m impressed by the details that you’ve on this blog. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for extra articles. You, my friend, ROCK! I found simply the info I already searched everywhere and simply could not come across. What a perfect website.

  • I couldn’t refrain from commenting. Perfectly written!|

  • It¦s actually a cool and helpful piece of information. I am happy that you shared this useful info with us. Please keep us informed like this. Thank you for sharing.

  • Hi there would you mind sharing which blog platform you’re using? I’m looking to start my own blog in the near future but I’m having a difficult time making a decision between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I’m looking for something completely unique. P.S Sorry for being off-topic but I had to ask!|

  • I am sure this paragraph has touched all the internet viewers, its really really good post on building up new web site.|

  • It’s very easy to find out any topic on net as compared to textbooks, as I found this paragraph at this website.|

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>