St. Louis real estate market stays strong during COVID-19

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ST. LOUIS — The residential housing market has been able to counteract the effects of the COVID-19 pandemic better than any nearly other. That’s been true in St. Louis as new single-family listings decreased 2.3% and inventory dropped more than 35% in August compared with the same month last year, according to St. Louis REALTORS.

Though the summer typically records the strongest home sales numbers, officials with St. Louis REALTORS say the low interest rates could keep the market on the rise during the fall and winter months. Conversely, the pandemic and upcoming election could make potential buyers and sellers more tentative, they said.

Read the chart below to see how the median sales price in St. Louis has increased during the first part of 2020. In addition, you can see that demand is rising as closed sales have increased.



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Editor is WebTech Group (WTG). WTG is a web hosting, design, SEO, press release distribution company and news agency located in St. Louis, Missouri. Site is owned and operate multiple news sites in the region. Our objective with STLNewsMissouri.com is to offer readers a one-stop news site for Missouri news. We aggregate news from news media across the state. We do not aggregate news from all sources. We pick from those that offer RSS feeds and pick the best with eliminating those that might produce the same news stories, written differently.
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