Fourth Quarter Market Watch Report
The Market Watch Report for the 4th quarter of 2012 is in and the real estate market in the St. Louis area is on the rise! Below see the statistics at a glance.
St. Louis County
Compared to a year ago, the median sale price of a home in St. Louis County is up 3.0% from last year to $127,000. The average sale price of a home in St. Louis County is slightly down -0.8% to $178,976. However, 90.7% of Sellers are receiving their asking price for a home. This is up 3.0% from last year.
St. Charles County
The median sales price in St. Charles County is up 4.4% from last year to $163,900. The average sale price is up 3.3% from last year to $184,998. 92.8% of Sellers in St. Charles County receive their original asking price, which is up 3.1% from this time last year. The number of closed sales has increased 15.5% to 1,205 houses sold in the fourth quarter of 2012.
St. Louis City
The median sale price of homes in St. Louis City has increased 18.1% to $85,000 from this time last year. This is a huge increased compared to St. Louis and St. Charles County. The average sale price has increased 7.5% to $114,408. Compared to the fourth quarter of 2011, St. Louis City has closed a total of 710 sales for a 26.1% increase.
Click Here to View the full Report
Source: http://www.hermannlondon.com/blog/market-watch-report-q4-2012/
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