St. Louis Real Estate market 2008 prediction

Check out Forbes Magazine's counsel back in October 2007 when they indicated that St. Louis would be among the Top 10 Most Stable Real Estate Markets in America.

The Top 10 Most Stable Housing Markets in America:

1. Seattle, WA – 3.09% est. price increase from 2007–2008
2. Pittsburgh, PA – 3.37%
3. Columbus, OH – 3.49%
4. Dallas, TX – 5.45%
5. St. Louis, MO – 3.01%
6. Cincinnati, OH – 2.65%
7. Atlanta, Ga – 4.4%
8. San Antonio, TX – 5.35%
9. San Francisco, CA – 2.5%
10. Fort Worth, TX – 3.09%


Specifically re: St. Louis, Forbes notes the following:

Median home price: $157,200

Annual price change from 2006: 2.7%

Projected price change to 2008: 3.01%

Because area returns have never been high, St. Louis's housing market generally flies underneath the national radar. Its strongest characteristic: a supply-and-demand dynamic slightly slanted toward the seller. Overexpansion has not hit St. Louis in the same way as other large markets, and its sales rate based on the number of households in the city is strong.

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