Home sales on the rise in Ferguson, 2 years after shooting

1 year 9 months 3 weeks ago Sunday, August 21 2016 Aug 21, 2016 Sunday, August 21, 2016 11:18:01 AM CDT August 21, 2016 in News
By: The Associated Press

FERGUSON (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 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.

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