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%

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