ST. LOUIS (KMOX) – In St. Louis City home prices are up but the number of houses sold is down. In St. Louis County, it’s exactly the opposite.
While that’s not the greatest news for some, St. Louis Realtors Association President Donna Zerega says it’s not all bad news.
“We now have four months of inventory on the market in St. Louis County and six months in city and that’s way down from 2012 figures for both the city and the county,” she said.
Zerega says the buyer’s market is just on the edge.
“Different communities, different pockets are reacting differently. Like in the west county area there were numerous contracts, all in competition, and the winner paid $14,000 over the price in the $300,000-$400,000 price range,” she said.
Zerega says homes for sale in the Shaw neighborhood are nonexistent; the reason, a very popular charter school that people want to enroll their children in.
“We had things that were down last year that are maybe up now,” she said. “Webster Groves I think is up 13 percent in number of homes sold and 12 percent in average sale price.”