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Tuesday, March 22, 2011

Home Sales Dive 12.7% St. Louis Area and 9 percent in Midwest for February 2011

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St. Louis-area home sales slump 12.7% in Feb.

BY TIM LOGAN
 STLtoday.com
 March 22, 2011
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Home sales in metro St. Louis took another dive in February, the latest sign of a housing market still strugging to find its footing.
Sales were off 12.7 percent on the month, compared to the same time last year, in 11 counties tracked by the Post-Dispatch. And the median price fell in much of the region.
The numbers echo data released Monday by the National Association of Realtors, which saw sales fall 2.8 percent from last year, and 9 percent in the Midwest.
Sales here had grown in December and January, but fell for six straight months before that.
Realtors say tight credit and the weak job market are still keeping buyers on the sidelines, while the ongoing glut of foreclosures is dampening prices.
This second dip in housing is happening across much of the country, and most economists expect it to continue through the rest of the year.


Here are the numbers (courtesy of MARIS, Realtors Assn. of SW Ill., Kelsey Cottrell Realty and the Greater Gateway Assn. of Realtors).


Sales

Median Price


Feb. '10 Feb. '11 Change Feb. '10 Feb. '11 Change
St. Louis County 695 612 -11.9% $114,000 $123,250 8.1%
St. Charles 264 212 -19.7% $166,000 $152,450 -8.2%
St. Clair 153 153 0.0% $105,000 $95,000 -9.5%
Madison 121 144 19.0% $97,000 $112,500 16.0%
St. Louis City 194 139 -28.4% $79,500 $70,500 -11.3%
Jefferson 120 96 -20.0% $124,000 $122,000 -1.6%
Franklin 44 41 -6.8% $118,500 $108,500 -8.4%
Lincoln 25 23 -8.0% $106,000 $123,000 16.0%
Monroe 28 22 -21.4% $130,000 $157,500 21.2%
Clinton 22 18 -18.2% $81,000 $81,500 0.6%
Warren 19 11 -42.1% $113,000 $106,000 -6.2%







Total 1685 1471 -12.7%


. Click Here to Read More.

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