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St Louis Distressed Home Sales Down From a Year Ago

St Louis distressed home sales declined during the first quarter of this year with distressed  home sales (foreclosures, REO’s and short sales)  in the 5-county core St Louis market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) accounting for 15.0% of all home sales,  This is down 18.5% from the first quarter of 2013 when St Louis distressed home sales accounted for 18.4% of all home sales, according to newly released data from RealtyTrac. As the table below shows, all the counties that make up the core of the St Louis real estate market (on the Missouri side of the river) saw short sales and REO’s decrease in the first quarter of 2014 from a year ago with the exception of REO sales in St Charles that increased 5% during the period.  All counties saw an increase in foreclosure auction activity from the first quarter of 2013 to the first quarter of 2014.

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