St Louis Home Sales Fare Better Against Prior Year Than Condo Sales

There were 3,637 condos sold in the St Louis 5-County Core market during 2019, a decline of 2.28% from 2018 when there were 3,722 condos sold.  As I reported yesterday, 2019 St Louis home sales were down 1.18% in 2019, just over half of the rate of decline of condo sales.

As the STL Market Report below shows (available exclusively through MORE, REALTORS), the median price of condos sold during 2019 was $155,000, an increase of 4.15% from the year before.  In contrast, home prices increased by 5.85% during the same period.

Going into 2020, the inventory of homes for sale remains low and favors sellers.  Currently, the supply of homes for sale is just over 2 months.

STL Market Report For The St Louis 5-County Core Condo Market

STL Market Report For The St Louis 5-County Core Condo Market

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