St. Louis area home sales increase 7.0 percent in October from September; down 4.8 percent from a year ago

Dennis Norman

Dennis Norman

National Association of REALTORS released a report today saying US Home Sales in October increased 10.1 percent for the month and are 23.5 percent higher than a year ago; I did an analysis of the data based just on ACTUAL sales and came up with an increase for the month of 6.6 percent and an increase of less than 1 percent from a year ago…When looking at the Actual sales number for US home sales, the St Louis market is performing pretty close…(to see my complete post and analysis of the NAR report click here)

St Louis Gateway ArchHere in the St. Louis metro area (in which I include the City of St. Louis and the counties of St Louis, St Charles, Jefferson and Franklin) home and condo sales for October increased 7.0 percent to 2,375 units up from 2,219 units for September.  As I reported last week in my St. Louis Real Estate News St. Louis Real Etate Market Update, through the end of October home sales in St. Louis are down 4.8 percent from the same period last year.  Continue reading “St. Louis area home sales increase 7.0 percent in October from September; down 4.8 percent from a year ago