On a national level, there have been reports lately of slowing home sales evidenced by both new home sales and existing home sales falling in June, housing affordability issues and the like. Here in St Louis, the real estate market continues to perform well, however, indicators are showing a slight downward trend in St Louis home sales.
As the chart below illustrates, there have been 14,268 homes sold through the end of June in the St Louis metro area, a decline of 4.4% from the same period a year ago when there were 14,925 homes sold in St Louis. The darker green line on the chart indicates the total sales for the past 12 months and is a good indicator of where things are headed. As you can see, there was a pretty good jump in this line 2 years ago with a steady rise but it has fluctuated around the same level for the past 8 or 9 months. Last month, as well as in two of the prior 5 months, it showed a downward trend.
St Louis MSA YTD & Past 12 Month Home Sales – June 2016 – June 2018
(Click on chart for live data)
