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St. Louis Real Estate Search

 

Over Half Of St Louis Foreclosures Sold Are Cash Sales

Cash sales accounted for more than 1 in 5 (21.7%) St Louis home sales in July 2014, a slight decrease from a year ago when cash sales accounted for 22.1% of home sales.  The median price of these cash home sales in July 2014 was $162,000, 3.3% higher than a year ago when the median price was $156,810.  St Louis foreclosures sold during the month of July 2014 were cash sales more than half the time (56.5%), an increase of 7.3% from a year ago when cash sales accounted for 52.7% of St Louis foreclosure sales.  The median price of cash sales on foreclosures was $36,275 in July 2014, a drop of 5.8% from a year ago when it was $38,500.

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St Louis Cash Home Sales July 2014

Source: MORE, REALTORS

St Louis Cash Foreclosure Sales

Source: MORE, REALTORS

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