ST. LOUIS (KMOX) – The St. Louis real estate market continues to hum along, continuing its trend of fast-selling homes and slowly increasing prices.
Homes are selling 15 percent faster than they were last year, and prices are up just under four-percent. Coldwell Banker Gundaker President Jim Dohr says that means the market is good, but not as robust as some other markets. And that’s the way we like it.
Dohr says the area’s average selling price is $224 thousand, which he calls very affordable.
He says St. Charles County continues to be the tightest market with prices up five percent. The City of St. Louis is seeing a seven percent increase in closings and a 7.7 percent increase in prices.