Home Prices Hit the Skids
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ST. LOUIS, Mo. (KMOX) – Any gains you made in the value of your home after 2002 are pretty much lost.
The latest Case-Shiller index shows home prices have plummeted 33-percent since the recession hit. In just the last year, the average of 20 large markets shows a 5-percent loss in value.
St. Louis isn’t part of the survey. Jim Dohr of Coldwell Banker Gundaker tells KMOX News, the region’s housing stock hasn’t suffered quite the same decline. “Average sales price through the month of April here in St. Louis — according to the multiple listing service — prices are only down two-percent.”
Dohr says home prices in the St. Louis area have dropped nearly 12-percent since a peak in early 2007, far less than the national figures. He says that does put house values close to what they were nearly a decade ago.
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