St Charles County Home Sales Trend Falls Back To Early 2016 Levels

There were 5,755 homes sold in St Charles County in the 12-month period ending September 30, 2019, a decline of 5.2% from a year ago when there were 6,070 homes sold in the prior 12-months.  This is the lowest 12-month trend since February 2016 when there were 5,676 homes sold in the prior 12-months.

As the chart below illustrates, even with the declining trend in home sales in St Charles County, it is still significantly higher than back in 2014 and 2015.

Lack of listings in St Charles could be part of the problem…

As the STL Market Report for St Charles County below the chart shows, there is just a 2.37 month supply of homes for sale in St Charles County.  This lack of supply of homes for sale is no doubt contributing to the declining home sales trend.  Also worth noting is the 6% increase in the median home price in St Charles County from a year ago.


Median Price of Homes Sold in St Charles County In Past 12 Months Hits $230,000 – Sales Up Slightly

The median price of homes sold in St Charles County during the 12 month period ended October 31, 2018, was $230,000 according to the STL Market Report™ from MORE™, REALTORS®.  As the STL Market Report™ below shows, this is an increase in the median price of homes sold of 4.55% from the prior 12-month period. During the most recent 12-month period, there were 6,081 homes sold in St Charles County, an increase of 1.11% from the prior 12-month period.  There is currently a 2.52 month supply of homes for sale in St Charles County and listings have been on the market a median time of 74 days.

STL Market Report – Homes – St Charles County

(click on table to go to live report)

STL Market Report - Homes - Charles County

St Charles County Home Sales Trend Downward Over Past 12 Months- Prices Trend Upward

Home sales and home prices in St Charles  County during the 12-month period ending November 30, 2017,  are trending in opposite directions.  Home sales in St Charles County have, as the chart below reveals, declined 5.7% from 6,155 home sales for the 12 month period ended November 30, 2016 to 5,806 home sales for the period ended November 30, 2017.  The median price per foot for homes sold during these same periods however have increased 2.4% from $127 per foot for the period ended November 2016 to $130 per foot for the period ended November 30, 2017.

St Charles County Home Sales & Price Per Foot – (chart)

12-Month Period Ending 11/30/2016 vs

12-Month Period Ending 11/22/2016 No Distressed Sales

(click on chart for live data)St Charles County Home Sales & Price Per Foot - (chart)  12-Month Period Ending 11/30/2016 vs  12-Month Period Ending 11/22/2016 No Distressed Sales  (click on chart for live data)

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St Louis Home Sales and Home Prices Are Both Up Over 5 Percent From A Year Ago

St Louis continues to enjoy a pretty robust real estate market, albeit it a challenging one for buyers due to the low inventory of homes for sale in most areas, with St Louis home sales, during the past 12 months, up over 5 percent from the prior 12-month period and St Louis home prices up over 5 percent for the same period as well.   As the table below shows, in the 5-county core St Louis market, there were 27,437 homes sold in the 12-month period ending May 31, 2017, an increase of 5.13% from the prior 12-month period when there were 26,099 homes sold.

Year-over-year for the month of May looks good as well…

As I frequently comment, looking at home prices and sales activity for a 12-month period is the best way to get a realistic view of the market, less affected by timing of sales due to weather, day of the week the last day of the month falls on etc, it’s still worth looking at the most recent month and comparing it to the prior month, as well as prior year, to help spot trends or changes in the trend.  With this in mind, as the chart below shows, for the St Louis core market there were 3,070 homes sold in May, 2017, an increase of 21.2% from the month before when there were 2,533 homes sold, and an increase of just under 1% from May 2016 when there were 3,042 homes sold.  As the chart also reveals, homes sold in St Louis during May, 2017 were sold for a median price of $185,000, an increase of 2.8% from the month before when the median sales price was $180,000 and a slight increase of just one-half of one-percent from May 2016 when the median price St Louis homes sold for was $184,000.

Franklin County has the largest increases in home prices and sales during past 12 months…

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St Charles County’s Strong Housing Market

For some time now, home buyers wanting to buy a home in St Charles County have not had a lot of listings to choose from and have had to move fast.   Based upon the current market data, I don’t see that situation changing, at least not in the near future.

As the chart below shows, home sales in St Charles county (the blue line) have been on the rise with the peak in spring/early summer this year topping the level hit last year and meanwhile, the time it is taking homes to sell (the black line) has been on the decline and hit the lowest level for the past few years in June of this year.

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