St Louis New Home Sales Slip Slightly In October

St Louis New Home Sales in October 2014 slipped 3.8% behind October 2013 but increased a little over 16% from the month before.  The St Louis new home sales activity followed suit with the Midwest Region of the U.S. which saw a 15.8% increase in new home sales activity in October from the month before but a decline of 2.9% from October 2013, according to data just released by the U.S. Census Bureau and HUD.

As the chart below shows, the median price of new homes sold in St Louis in October 2014 was $205,000 a decline of 4.7% from a year ago when the median new home sale price in St Louis was $215,000 and is 3% below September’s median new home price of $211,500.

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