St Louis Home Sales Trend Jumps Up In December Stays Steady In January

The St Louis home sales trend jumped in December when sales for the prior 12-months broke through the 27,000 mark to 27,149.  The trend continued into January of this year, as there were 27,159 homes sold in the 12-month period ended January 31, 2020.  This is a good start for 2020 and is a great leading indicator of how the market is going to do this year.  Add lower mortgage interest rates to this (the 30-year fixed-rate mortgage dropped to 3.45% last week) and the strongest economy in decades and we have a recipe for a great housing market!

St Louis 5-County Market Home Sales Trend – Past 5 Years

(click on chart for live, interactive chart)

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