St Louis Home Sales Are Up But Amount of Increase Varies Widely By Area

By Dennis Norman, on June 24th, 2015

Further proof of just how “local” real estate is and how important it is for home buyers and sellers to have accurate, targeted, local data is the fact that today the St Louis Business Journal reported “home sales increased 17.9 percent year to date in the St. Louis metropolitan area, more than twice the national rate of 8.4 percent”. While I’m not saying their reporting is inaccurate, as they were quoting data from the St Louis Federal Reserve, the problem is the data is based upon sales for the whole St Louis MSA which is comprised of 17 counties with 8 of them in Illinois as well as the fact the data does not come from what is probably the best and most accurate source of data, the REALTOR MLS.

However, many home buyers and sellers just see or hear the headlines from the media which could negatively impact you if you think the market you are buying or selling in is in fact stronger or weaker than you think. For example, based upon the headline, if you were looking to buy a home in the City of St Louis you would probably find some comfort knowing you are buying somewhere where the housing market is so hot home sales have increased more than double the national average year to date from last year. The reality is though, while home sales in the city of St Louis are doing better so far this year than last year, as the table below shows, this year there have been 1,385 homes sold, an increase of 7.7% from last year when there were 1,286 homes sold during the same period. Don’t get me wrong, an increase of 7.7% is good however, it is actually below the national average of 8.4% and certainly not double the national average as the headlines and MSA data may make you think.

So what’s the answer? Call me and I’ll make sure you get the accurate information you need for your particular situation and can also connect you with one of our professional, hand-picked agents that can help you put the data and information to work in your best interest whether buying or selling. Seriously, don’t you think you deserve this for what may be the biggest financial transaction you make? Call or text me at 314.332.1012 or email me at Dennis@STLRE.com.

Oh yeah, and check out all the tables below for accurate sales data for the REAL St Louis market as well as the individual counties.

(We work hard on this and sure would appreciate a “Like”)[iframe http://www.facebook.com/plugins/like.php?href=https%3A%2F%2Fwww.facebook.com%2FStLouisRealEstateNews&send=false&layout=standard&width=50&show_faces=false&font&colorscheme=light&action=like&height=35&appId=537283152977556 100 35 ]

Search St Louis Homes For Sale HERE
See ALL Homes That Will Be Open In St Louis This Weekend
5 Key Strategies To Assure A Quick Home Sale At The Maximum Price