Cash Purchases Of St Louis Homes Drops To Lowest Level In Over 3 Years

St Louis Homes

In July 2013 just a little over 1 of every 5 (22 percent) St Louis homes* that were sold were cash purchases, marking the lowest rate of cash sales since June 2010, according to MORE, REALTORS.  On the national level, 2 of every 5 (40 percent) homes sold during July were cash purchases, according to a report released this morning from RealtyTrac.

The total number of homes sold in  St Louis* in July was 2,731, a slight increase from June’s 2,672 sales and a 17 percent increase from July 2012 when there were 2,326 homes sold in the St Louis core area.  The median home price in St Louis* increased 13.8 percent from $145,000 in July 2012 to $165,000 in July 2013.

St Louis Homes

* Data reported is based upon the 5-County St Louis core area consisting of the City of St Louis and the Counties of St Louis, St Charles, Jefferson and Franklin. 

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