The Missouri Association of Realtors says those who’ve made a move, however, have done pretty well this spring.
Home sales in Missouri have topped one billion dollars in a single month for the first time this year, with sales in May exceeding April sales by more than twenty percent.
The organization says a lot of people market homes in the Spring. Many wait until the end of a school year to move so children don’t face a mid-school year disruption.
Vice-President Katie Essing says about 37,000 homes went on the market in May. The average price of the almost-6,800 homes sold topped $171,000, up ten percent from April. The average time on the market has been shrinking.
Total sales in May were $1.162 billion, the first time sales have exceeded one-billion dollars since last August.
(Bob Priddy, Missourinet)
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