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St Louis Real Estate Search

YTD Home Sales Continue To Remain Below Prior Years But Downward Trend Slowing

Year to date, through the end of June, there were 12,814 homes sold in the St Louis 5-County Core market, a decline of 4.3% from this time last year when 13,389 homes had sold.  This marks the lowest YTD home sales through June since June 2015, when there were 12,110 homes sold.  As the second chart below illustrates, the St Louis home sales trend (trailing 12 months and represented by the dark green line) peaked in October 2018 with 26,032 homes sold in the prior 12 months but then stalled and has begun a slight downward trend which continues with 25,434 homes sold in the 12 month period ending in June 2019.

Meanwhile, St Louis home prices continue to rise with the median price of homes sold in the past 12 months in the 5-County Core market increasing 4.44% from the prior 12-month period.  As the table below the charts shows, the median price of homes sold in the St Louis 5-County Core market during the most recent 12-month period was $200,000, an increase from $191,500 during the prior 12-month period.

It’s worth noting that the downward sales trend has flattened out the past two months and the rate of increase in home prices has declined somewhat as well.  In addition, the inventory of homes for sale increased from a 1.81 month supply last month to 1.94 months presently.

Would-be home sellers are afraid to list their homes…

The low supply of homes for sale, coupled with the high demand, has many homeowners reluctant to list their homes for sale for fear they will sell but won’t be able to find a home to buy.  This is why we developed our “Guaranteed No Sale” program, something that protects sellers from becoming “homeless”.  It allows a seller to list their home with the confidence they won’t be obligated to sell if they are not successful in finding a home to buy.  You can find out more at GuaranteedNoSale.com.

St Louis 5-County Core Market YTD Home Sales – Past 5 Years

(click on chart for live, interactive chart)
St Louis 5-County Core Market YTD Home Sales - Past 5 Years

St Louis 5-County Core Market Home Sales & Price Trend – Past 5 Years

(click on chart for live, interactive chart)
St Louis 5-County Core Market Home Sales & Price Trend - Past 5 Years

STL Market Report – St Louis 5-County Core Market

(click on chart for live, interactive chart)
STL Market Report - St Louis 5-County Core Market

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