MO: St. Louis Home Sales Continue to Slide

House prices continued their slide in St. Louis in June, falling across much of the region. The number of house sales fell, too, though less steeply than in recent months.

That’s according to new figures out this week from regional real estate listing services. Overall, sales of previously owned houses in 11 counties fell 5 percent compared to last June. It was the fifth-straight month of year-over-year declines, though sales fell by more than 20 percent in March, April and May. Through the first six months of the year, sales are down 15 percent.

While the sales decline softened, the slump in prices appeared to pick up speed. Eight of the 11 counties surveyed reported double-digit declines in the median price of houses sold, compared to last June. In the city of St. Louis, the median price fell nearly one-fourth. The exceptions were three Metro East counties that saw prices go up.

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