FERGUSON, Mo. (AP) — Two years after the unrest that followed the fatal shooting of 18-year-old Michael Brown by a police officer, Ferguson’s real estate market is on the rebound.
St. Louis Public Radio (http://bit.ly/2b5eRCK ) reports that in June, 24 homes sold in Ferguson with the median house price $66,500. That was double the number of sales from June 2015, and a steep increase in the median price of those homes, which was $39,200 in June 2015.
Kathie Harnacker’s search for a new suburban St. Louis home took her to a three-bedroom brick ranch with a lush patio garden, an updated kitchen and neutral decor. At $112,000, she knows she’d pay twice the price if the home was in Webster Groves, Kirkwood or many other upscale suburbs.