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St Louis Real Estate News: Foreclosures in the St Louis metro area decrease over 29 percent in October

Dennis Norman

Dennis Norman

Monroe and Jefferson County saw sharp increases however.

RealtyTrac® released its Foreclosure Market Reporttmfor October showing that foreclosure filings (default notices, scheduled auctions and bank repossessions) were down 3.3 percent in October from the month before in the US and up 18.86 percent from the year before.

RealtyTrac Foreclosure Rate for third quarter 2009Here in St Louis, overall the picture is much better. For the 16 counties and 1 city included in the RealtyTrac® report for the St Louis metro area foreclosure filings in October were down 29.47 percent from the month before and down 30.39 percent from the year before. Included in this data are 8 counties on the Illinois side of the river, St Louis City and eight other counties on the Missouri side.

Digging into the data a little deeper shows that, locally, Monroe County had the worst month seeing a 192.86 percent increase in foreclosure filings for the month  and an increase of over 241 percent from a year ago.  Jefferson County saw an increase of 65.17 percent for the month and 5.76 percent from a year ago.  The city of St Louis saw an increase in foreclosure activity of 8.76 percent for the month but a decline of 15.10 percent from a year ago while St Louis County saw a decline of almost 1 percent for the month and over 37 percent from a year ago.

Source: St Louis Real Estate News - - Data Provided by RealtyTrac

Source: St Louis Real Estate News - - Data Provided by RealtyTrac

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