St Louis Home Prices Have Increased Thirty-Four Percent In Past 6 Years….Too much, too fast?

After the housing bubble burst in 2008, home prices finally hit bottom in the St Louis metro area, as they did in most areas of the U.S., during 2012.  Since then, home prices in most areas have not only regained the post-bubble burst losses but have appreciated handsomely as well.  For the St Louis MSA, the median price of homes sold has increased 34% from 2012 through today, an annual growth rate of 4.98%.  The steady and fairly significant, increase in home prices in St Louis has caused some to ask if it is “too much, too fast?”.  In other words, at this rate, are we headed toward another bubble?

I don’t see a bubble…

As the chart below shows, the median home price for the St Louis MSA in 2012 was $128,500 and for 2017 thus far it is $172,000, or 34% more.  This works out to an annual growth rate of 4.98% which, historically speaking, is not out of line.  In 1963, the median home price in the U.S. was $17,950 and today it is $315,200, which computes an annual growth rate of 5.35%. So, over the 55 year period I reviewed, the growth rate has exceeded the rate we have seen in St Louis since 2012 making the increase not out of the norm.

Additionally, as our STL Market Report for the St Louis MSA below the chart shows, we are in the slowest selling season of the year and the inventory of homes for sale is still low at about 3 1/3 months supply.

(We work hard on this and sure would appreciate a “Like”)

  

St Louis MSA Home Prices 2012 – 2017 (Chart)

St Louis MSA Home Prices 2012 - 2017 (Chart)

St Louis MSA – STL Market Report – December 2017 (Table)

St Louis MSA - STL Market Report - December 2017 (Table)

 

Print Friendly, PDF & Email

29 comments to St Louis Home Prices Have Increased Thirty-Four Percent In Past 6 Years….Too much, too fast?

  • … [Trackback]

    […] Read More on that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Info to that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Read More Information here on that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Here you will find 33401 more Info on that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Read More here on that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Info on that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • generic online

    St Louis Home Prices Have Increased Thirty-Four Percent In Past 6 Years….Too much, too fast? « St Louis Real Estate News

  • … [Trackback]

    […] Info on that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • buy cialis 20mg

    St Louis Home Prices Have Increased Thirty-Four Percent In Past 6 Years….Too much, too fast? « St Louis Real Estate News

  • … [Trackback]

    […] Information to that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Info on that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Information on that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Here you will find 61030 more Information on that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Find More Info here on that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Information to that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] There you will find 10774 more Information on that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Read More Information here on that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Read More Info here on that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Here you can find 89884 additional Info on that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Find More on to that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Here you can find 47318 more Information to that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Information to that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Information to that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Information to that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • … [Trackback]

    […] Find More on on that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • viagra prices

    St Louis Home Prices Have Increased Thirty-Four Percent In Past 6 Years….Too much, too fast? « St Louis Real Estate News

  • w88

    … [Trackback]

    […] Here you will find 98219 more Information to that Topic: stlouisrealestatenews.com/st-louis-real-estate-market/st-louis-home-prices-increased-thirty-four-percent-past-6-years-much-fast/ […]

  • cialistodo.com

    St Louis Home Prices Have Increased Thirty-Four Percent In Past 6 Years….Too much, too fast? « St Louis Real Estate News

  • viagra cost

    St Louis Home Prices Have Increased Thirty-Four Percent In Past 6 Years….Too much, too fast? « St Louis Real Estate News