Home Prices Are Rising In St.Louis Region

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The number of homes for sale is down 13 percent over the past year in the St. Louis metro area, according to real estate sales website Zillow.

Yet, more houses are selling. In St. Louis County, home to more than a third of the metro-area population, sales were up 13 percent last year, and 10 percent in the first two months of this year.

Real estate pros say prices are rising here, but there’s disagreement over how fast.
Zillow estimates that the median home price in Metro St. Louis is up 2.24 percent for the 12 months ending in February. CoreLogic, a real estate analysis company, says prices rose 4.3 percent in 2012. The Federal Housing Finance Agency says prices rose 6.8 percent last year, using a method that excludes the most expensive mansions.

But the rate of increase varies widely by neighborhood, and some broad areas, including much of north St. Louis County, are still seeing declines.

Read more from the St.Louis Post-Dispatch

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