The St. Louis and St. Charles counties real estate reports for the first quarter of 2012 are out.
In St. Louis County, there were 2,382 closings in the first quarter in 2012. This is a 15.4% increase compared to the first quarter of 2011. St. Charles also saw a positive increase in closings. With 875 closings in the first quarter of 2012, this is a 12.9% increase compared to the same time previous year. These are great numbers for our area real estate market.
When it comes to Median and Average Sale prices, the numbers seem to indicate a slight change and seem to favor a “Buyer’s Market”. In St. Louis County, the Median Sales price was $112,000 and the Average Sales Price was $172,620 in the first quarter of 2012. Compared to the first quarter of 2011, this is a 6.7% and 2.5% (respectively) decrease in price. St. Charles County also experienced slight decreases in the Median Sales Price ($152,000) and Average Sales Price ($166,655) with a change of -3.2% and -5.6%.
The St. Louis real estate market is experiencing positive growth. If you are looking to buy a house the time is now. Prices are lower than ever!