According to Trulia - these are the current St. Louis stats.
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Showing posts with label median. Show all posts
Showing posts with label median. Show all posts
Friday, August 12, 2016
Thursday, March 10, 2016
10 trendiest, but still affordable, cities
From the article by Yuqing Pan on realtor.com:
Our data team mixed up a large batch of kale smoothies and set out to find the next hipster meccas sprouting up across the U.S. We took a deep dive into the 500 largest cities in the country in search of those that combine a fun, young, culture-rich urban experience with affordability for the long haul.
Criteria for the list included: Number of foodie hot spots, bike shops, yoga studios, cultural outlets, an increase in the population of 25- to 34-year-olds from 2013 to 2014, and an increase in the percentage of people shopping for a home on realtor.com.
After this, realtor.com ran the acceptable cities through an affordability check.
This is what was left.
Here are the 10 trendiest U.S. cities that you can still afford to live in:
10. Charleston, South Carolina
Median home price: $325, 200
9. New Orleans, Louisiana
Median home price: $245,000
8. St. Louis, Missouri
Median home price: $145,000
7. Cincinnati, Ohio
Median home price: $138,000
6. Ann Arbor, Michigan
Median home price: $349,450
5. Minneapolis, Minnesota
Median home price: $251,000
4. Pittsburgh, Pennsylvania
Median home price: $149,900
3. Asheville, North Carolina
Median home price: $350,000
2. Richmond, Virginia
Median home price: $170,000
1. Salt Lake City, Utah
Median home price: $355,000
Source: realtor.com
Wednesday, November 11, 2015
Home Sales Are Up Again
A month-over-month dip in home sales last month caused real estate watchers to ponder—gasp—a potential cooling of the market. But on Thursday the National Association of Realtors® reported that sales are up again.
Existing-home sales—completed sales of single-family homes, townhomes, condominiums, and co-ops—rose 4.7% from August to September, reaching 5.55 million. That’s the 12th consecutive month to see year-over-year growth, and the second-highest peak since February 2007, when sales totaled 5.79 million.
The median existing-home price for all housing types was $221,900 in September, 6.1% more than September 2014. This is the 43rd consecutive month that we’ve had year-over-year gains. Single-family home sales increased 5.3%, with a median price of $223,500, while condo and co-op sales remained unchanged, with a median existing-condo price of $209,200.
All-cash sales rose, too: They represented 24% of transactions in September, up from 22% in August. Short sales stayed on the market for an average of 135 days, but short sales and foreclosures are still down from a year ago—7% now and 10% then.
Why the reversal on sales in general? These are seasonally adjusted numbers, so they don’t reflect the typical fall slowdown. August sales, however, were affected by the stock market dips that shook buyers’ confidence.
Please, Mr. P
“Sales are impacted by major stock market declines, since at least one in five buyers funds at least a portion of their purchase with stock or retirement funds,” said realtor.com® chief economist Jonathan Smoke. “But barring stock corrections that reflect real economic downturns—which we are not experiencing—homes sales typically return to the prior trend after stock values stabilize.”
But not all numbers were up: Inventory decreased 2.6% and is 3.1% lower than a year go. There’s a 4.8-month supply of unsold housing—in August, it was 5.1 months.
Maybe it’s counterintuitive—how can there be more sales when there’s less inventory?
It’s all that pent-up demand. Unfortunately for first-time buyers, all that competition has driven house prices up; you’re more likely to buy a home if you already have one.
“First-time buyers fell to 29% of sales in September after climbing to their highest share of the year in August (32%),” according to the NAR. “A year ago, first-time buyers represented 29% of all buyers.”
That’s the biggest surprise, Smoke said, but “despite that decline, we estimate from the monthly sales data this year that first-time buyers have been responsible for 45% of the growth in sales over last year.”
Whether the rise in existing-home sales continues depends on one thing: jobs. The 6% rise in prices is just about double the pace of wages. We need more, and better-paying, employment to keep sales up. That’s complicated by the fact that most future job growth is rooted in the relatively low-paying service sector. Sales may be up, but we’ll need inventory to rise with them.
Regional breakdown
Northeast: September existing-home sales rose 8.6% to an annual rate of 760,000, 11.8% above a year ago. The Northeastern median price was $256,500, 4% above September 2014.
Midwest: September existing-home sales rose 2.3% to an annual rate of 1.31 million, 12% above a year ago. The Midwestern median price was $174,400, 5.4% above September 2014.
South: September existing-home sales rose 3.8% to an annual rate of 2.21 million, 5.7% above a year ago. The Southern median price was $191,500, 6.2% above September 2014.
West: September existing-home sales rose 6.7% to an annual rate of 1.27 million, 9.5% above a year ago. The Western median price was $318,100, 8% above September 2014.
By
Thursday, February 26, 2015
Median home prices rank by city - salary, home price
How does your city rank?
- Rank
- City
- Salary Needed
- Median Home Price
- Monthly payment
- 1Pittsburgh$31,716$135,000$740
- 2Cleveland$32,010$121,200$747
- 3St. Louis$33,323$138,400$778
- 4Cincinnati$33,485$138,100$781
- 5Detroit$35,521$135,800$829
- 6Atlanta$35,800$157,700$835
- 7Tampa$37,732$160,000$880
- 8Phoenix$40,658$200,300$949
- 9Orlando$42,143$180,000$983
- 10San Antonio$45,374$185,500$1,059
- 11Minneapolis$47,627$210,000$1,111
- 12Dallas$48,787$189,600$1,138
- 13Houston$49,983$199,300$1,166
- 14Philadelphia$50,914$213,300$1,188
- 15Baltimore$52,662$233,200$1,229
- 16Chicago$54,347$195,100$1,268
- 17Sacramento$58,412$268,700$1,363
- 18Miami$58,431$265,000$1,363
- 19Portland$60,604$288,900$1,414
- 20Denver$61,642$314,800$1,438
- 21Seattle$72,844$352,000$1,700
- 22Washington$77,395$372,800$1,806
- 23Boston$80,050$383,200$1,868
- 24New York$87,536$390,000$2,043
- 25Los Angeles$89,665$450,900$2,092
- 26San Diego$95,433$493,100$2,227
- 27San Francisco$142,448$742,900$3,324
http://money.cnn.com/infographic/real_estate/what-you-need-to-earn-to-afford-a-home/index.html
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