St Louis Home Sales Cool In January

By Dennis Norman, on February 23rd, 2015

St Louis home sales slowed in January to 1,322 homes sold in the St Louis 5-County Core market (the city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) which is a decline of over 36 percent (36.65%) from the month before, and a decline of almost 3 percent (2.94%) from a year ago, according to the latest data available from MORE, REALTORS.  As the chart below shows, the median price of homes sold in St Louis in January was $144,498, down from $159,500 in December but up from a year ago when the median home price of homes sold was $138,000.

If we zoom in to the 3 county market of the city of St Louis and St Louis and St Charles county, we will find there were 1,109 homes sold in January, down 37.7 percent from December and down 4% from a year ago.  As the 2nd chart below shows, the median price of homes sold in January was $150,000, down from $165,000 in December but up from a year ago when the price was $142,500.

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St Louis 5-County Home Sales and Home Prices
January 2014 – January 2015

St Louis 3 County Home Sales and Home Prices
January 2014 – January 2015

 

 

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