Debbie Murphy, ePRO, SFR
Real Estate Marketing Specialist

REAL ESTATE BLOG

ST. LOUIS AREA 2017 HOUSE PRICES ROSE 5.65 WHILE LOW INVENTORY CONTINUES

In its sixth year of housing-market recovery, St. Louis prices rose 5.65 percent in 2017 according to a seasonally adjusted version of the Federal Housing Finance Agency’s purchase-only index.

According to the National Association of Realtors latest quarterly report, “an uptick in existing-home sales in the final three months of 2017 pulled down housing inventory to an all-time low and kept home-price growth at its recent robust pace.”

ST. LOUIS REALTORS JANUARY 2018 HOUSING REPORT: ST. LOUIS CITY/COUNTY COMBINED

MLS statistics show St. Louis continues to be one of the hottest markets in the country. Its a great time to sell! According to Mid America Regional Information Systems (MARIS) MLS year-over-year statistical data:
  • January 2018 single-family residential home sales increased 5 percent from January 2017 sales of 1,051 homes.
  • January 2018 median sales price was $156,900 - an increase of 4 percent from the January 2017 median of $150,000. It's a sellers market.
  • Median days on the market were slightly up at 36 in 2018 as compared to 35 days in 2017.
  • Active listings were down 11 percent at 3,211 in 2018 compared to 3,609 in 2017.
  • Months of inventory in 2018 dropped to 2.90 from 3.43 in 2017.


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Debbie Murphy | Red Key Realty Leaders | 10333 Clayton Road | St. Louis, MO 63131
Phone/Text:  (314) 368-7198    Email:  Debbie Murphy

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