No significant change in Ferguson home sales after demonstrations

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

ST. LOUIS, MO (KTVI) – Some residents in Ferguson are putting their homes on the market. Not because of racial issues and protests that, at times, turned violent after the August ninth shooting of Michael Brown, but because of life changes. Jeannie Boettcher has lived in Ferguson more than 70-years. She says there are two houses on the market in her neighborhood. “It’s a case of people dying and or being in a nursing home you know,” said Boettcher.

If priced right, the houses will probably sell and sell quickly. “People are looking for affordable housing right now and Ferguson is very affordable,” said Kevin Vaughn, a sales associate with Coldwell Banker Gundaker.

Mark Cranmer, an assistant manager with Coldwell Banker Gundaker says houses are selling in the small town. “We have about 100 active on the market right now and we have 27 that are contingent which means they are under contract or they’re pending,” said Cranmer.

Dennis Norman, a Broker with More Realtors compared the number of homes that have sold in Ferguson since Brown was shot and killed by Ferguson Police officer Darren Wilson to the same time period last year and discovered there was not a significant difference. “There were about 30 home sales August and September of this year compared with 36 homes sales during August/September 2013.”

Norman, who grew up in Ferguson admits he was pleasantly surprised by the data. “I really expected it to be more dramatic and also the results to be more negative. I really thought there would have been a bigger impact on the market. so I’m pleasantly surprised.”

Boettcher was surprised, too and says while she has considered selling her home because it’s too big, she decided to stay put. “I don’t want to leave Ferguson. I love Ferguson.”