St Louis Housing Report July 2016 Shows St Louis Remaining Number 2 in Affordability in Top 10 Hottest Housing Markets
St Louis Housing Report July 2016 edition shows how St Louis has remained the second-most affordable city in which to purchase a home. In December 2015, St. Louis was ranked No.2 among the hottest real estate markets for 2016 nationwide by Jonathon Smoke, Chief Economist for Realtor.com.
Sandy Hancock, President of the St Louis REALTORS organization stated, “We have had such a strong real estate market in St. Louis through the first six months of 2016. Sales started strong in January and have continued, with no let up, through the height of the summer selling season. Property values have also been rising, but have remained affordable for first-time, move-up and luxury buyers in our market. This year the St. Louis rel estate market has offered buyers widespread housing opportunities in conjunction with excellent affordability, resulting in the healthiest residential housing market we have experienced in years.” See Full Press Release
Top 10 Hottest Real Estate Markets for Affordability 2016
As of the mid year, here are the top 10 hottest markets in terms of affordability:
|City||Median Sales Price|
|1. Providence||$255,000 (June)|
|2. St. Louis||$178,000|
|3. San Diego||$565,000|
|5. Atlanta||$253,000 (June)|
|6. New Orleans||$241,000|
|9. Virginia Beach||$251,000|
|10. Boston||$320,000 (June)|
How to Monitor the St Louis Real Estate Market
Finding Homes for You is an Exclusive Buyer Real Estate company. Most of you reading this now are probably not familiar with the term Exclusive Buyer Agent. This simply means that our company takes no listings and only represents the Buyer. We feel that by not taking listings we can be more objective for our Buyers and avoid any conflict of interests that can plague some real estate transactions. We have a couple of good tools to help you both research and analyze the current St Louis Real Estate market listed below. Contact us at 636-532-4200 to learn more about the concept and what we can do for you.