Inventory Of Homes For Sale In St Louis Increases Year Over Year For First Time In Nearly Three-Years

The inventory of homes for sale in the St Louis core market area increased to a 1.04 month supply in June 2022, an increase of nearly 12 percent (11.8%) from a year ago when there was a 0.93 month supply.  As our chart below illustrates, this is the first time since August 2019 there has been a year-over-year increase in inventory and then the increase was just 3.1%.  While a double-digit increase is significant, we do need to keep in mind that, at just over a one-month supply of listings for sale is still crazy low!  The median listing supply in St Louis was 3.5 months in 2015, 2.9 in 2016, 2.5 in 2017, 2.4 in 2018, 2.6 in 2019 then dropped to 1.5 months in 2020 and down to a record low 1.2 months in 2021. So, even after this double-digit increase we are still at a level this even low by last year’s record low standards.

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