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Newest St. Louis Housing Stats - August 2020
Information in the above report/charts covers residential real estate activity in Saint Louis City and County combined and is provided by Mid America Regional Information Systems. Percent changes are calculated using rounded figures. The data above compares real estate activity in August 2020 to August 2019 of last year.
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The housing and stock markets continue to be the leaders in the economy. In August, showings and pending sales remained at strong levels while housing inventory remained limited, continuing the competitive bidding market we have seen in recent months. With the stock indexes at or near record highs as mortgage rates remain near record lows, signs point to a busy fall housing market. New listings decreased 2.3 percent for residential homes but increased 3.9 percent for townhouse/condo homes. Pending Sales increased 26.9 percent for residential homes and 18.6 percent for townhouse/condo homes. Inventory decreased 35.2 percent for residential homes and eight percent for townhouse/condo homes. Median sales price increased 11.4 percent to $245,000 for residential homes and 9.3 percent to $186,000 for townhouse/condo homes. Days on market decreased 14.3 percent for residential homes and 12.2 percent for townhouse/condo homes. Months supply of inventory decreased 36.7 percent for Residential homes but remained flat for townhouse/condo homes. As we look towards the fall, we normally see housing activity begin to slow a bit as the back-to-school season begins, but this year is far from normal. While uncertainty remains on what effects the upcoming elections and any seasonal resurgence of COVID-19 may have on the financial and housing markets, the healthy housing demand we see today will create significant tailwinds in the near term. |
St. Louis Area Market Trends
Links to More Communities for Median Prices 5 Year Period
Ballwin
Chesterfield
Wildwood
Brentwood
Maplewood
University City
Ladue
Kirkwood
Central West End
St. Louis City Median Sales Price 3 Bedroom Home Over the Last 5 Years
The chart below is interactive as you move your cursor (or finger on mobile devices)on the chart line you'll see the median price for each month going back to 2014.
St. Louis City Median Days on Market During the Same 5 Year Period
How Long it Took a Home to Sell
St. Louis County Median Sales Price 3 Bedroom Home
Over the Last 5 Years
St. Louis County Median Days on Market During the Same 5 Year Period
How Long it Took a Home to Sell
St. Charles County Median Sales Price 3 Bedroom Home
Over the Last 5 Years
St. Charles County Median Days on Market During the Same 5 Year Period
How Long it Took a Home to Sell
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