Housing Market in St. Louis on the Road to Recovery

The St. Louis-area real estate market is recovering from last year’s case of the blahs. That’s good news for home sellers, but a mixed bag for buyers.

Sales are up as the spring house-hunting season gets into gear. Prices are up, too.

Mortgage rates are down from last year, although they’ve been creeping up for the past three weeks. But buyers are finding fewer homes to choose from.

In St. Louis County, home sales are up 9 percent so far this year through April, after falling 7 percent through all of 2014. It’s the same story in St. Louis, with sales up 11 percent. They are up 7 percent in St. Charles and 13 percent in Jefferson County, according to Berkshire Hathaway Alliance Real Estate.

Sales were up 19 percent in St. Clair County and flat in Madison County, according to the Greater Gateway Association of Realtors in Metro East.

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