Remember when we talked about St. Louis being projected as the 2nd hottest real estate market for 2016? Well it seems like we are on the right path! Sales in January (which is typically a slow month) were up 23 percent from a year earlier in St. Louis city and county. The typical house is selling in 126 days, down from 180 days a year earlier.
Total home sales volume in St. Louis year to date is up 11.3 percent, according to the May St. Louis Realtors Housing Report, in what the organization calls “a hot residential real estate market.” This isn’t recent news though – as we reported previously, St. Louis was expected to have the 2nd hottest real estate market in the country this year.
Total residential sales volume in 2016 so far has grown to $1.5 billion from $1.3 billion in the same period last year, according to data from the MARIS. In the month of May alone, total sales volume grew 15.4 percent to $465 million from $402 million in the same month in 2015.
To put this in perspective in a more segmented fashion, I thought it would also be helpful to see how Dielmann Sotheby’s is doing so far this year. From 1/1/2016-6/20/2016 there was a total sales volume of $142,176,370 (according to MARIS). The $142,176,370 represents about 10.5% of the total market, and I contributed roughly 14.28% of the total sales at Dielmann Sotheby’s so far this year.