MO: St. Louis Real Estate Market Still Stalled

Gay Missouri Real EstateThe housing market continues to scuff along the bottom, and with the economy flagging and the typically slow winter season coming, it may not get a bounce any time soon.

Sales of previously owned homes in metro St. Louis in September climbed 15 percent compared with the same month last year, according to real estate data compiled by the Post-Dispatch. But they’re still running well behind historical rates, and through the first nine months of the year were 5 percent behind even 2010’s weak pace. Meanwhile prices continue to sag.

Nationwide, sales fell 3 percent from August to September — though they, too, grew compared with last year. This despite near-record-low interest rates and prices that are now at levels not seen since 2003.

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