St Louis Pending Home Sales Fall In February From Year Ago

There were 1,875 home pending home sales in the St Louis area (5 county core market) in February, 13.7 percent less than a year ago when there were 2,172 pending home sales.  Listings with a contract on them from a buyer, but have not closed yet, are counted as pending home sales.

On a year to date basis, for the first two months of 2016, there have been 5,251 pending home sales in St Louis, down 2.3% from the same period last year when there were 5,372 sales.  For the 12 month period ending February 29, 2016 there were 25,477 pending home sales, an increase of 8.8% from the prior 12 month period when there were 23,425 pending sales.

On a national leve, pending home sales in February reached their highest level in 7 months and were up from a year ago, according to the National Association of REALTORS.

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