»

St. Louis Real Estate Double Bubble: A 25-Year Retrospective on Home Sales Peaks

By , on November 14th, 2024
The St. Louis real estate market has experienced significant fluctuations over the past 25 years, highlighted by two notable peaks that suggest a “double bubble” phenomenon. The trend chart, based on a rolling 12-month sales data, captures these market dynamics clearly. The first peak in 2005 saw home sales reach approximately 38,039 units, coinciding with the national housing bubble. This peak was followed by a substantial decline, with sales dropping by about 25.5% by 2008. The second peak occurred in 2021, with home sales climbing to around 43,058 units, driven by low interest rates and shifts in housing demand due to the COVID-19 pandemic. This peak too saw a significant drop, with sales decreasing by approximately 27.6% in the subsequent years.

Understanding these trends is crucial for navigating the St. Louis housing market effectively. The substantial declines following each peak highlight the market’s volatility and the importance of strategic decision-making for both buyers and sellers. Monitoring such patterns helps in making informed predictions and decisions based on solid historical data and trends.

At MORE, REALTORS®, our experienced agents are well-versed in the nuances of the local market. Whether you’re looking to purchase your first home or invest in properties, our team is equipped to guide you through every stage of the process. We pride ourselves on providing informed and thoughtful advice, ensuring that you make the most strategic decisions in today’s ever-changing real estate landscape. ​


St Louis MSA – 12-Month Home Sales Trend Since 1999 (Chart)

(click the chart below for live, interactive chart)

St Louis MSA - 12-Month Home Sales Trend Since 1999 (Chart)

 

🤞 Don’t miss info like this!

We don’t spam! Read more in our Privacy Policy

Don’t miss these posts!

We don’t spam! Read our privacy policy for more info.

Comments are closed.