CoreLogic, a California-based real estate research company, recently assessed close to 400 metropolitan statistical areas to better understand which regional housing markets might see a price decline.
Here are their findings for Missouri. Click here to read the full report and view the interactive chart for the whole country.
Here are what the percentage groupings mean:
Elevated: Over 40% chance of a price dip
High: 30–40% chance
Medium: 20–30% chance
Low: 10–20% chance
Very Low: 0–10% chance
How CoreLogic Rates Odds of Missouri Home Prices Dropping Over the Coming Year
Kansas City MO/KS – very low
St Louis MO/IL – low
Columbia – low
Springfield – very low
How CoreLogic Rates Home Prices in Missouri’s Largest Housing Markets
Kansas City MO/KS – overvalued
St Louis MO/IL – normal
Columbia – undervalued
Springfield – overvalued
- Related Post – Where Are People Moving to Missouri From?