St Louis homes sales (the 5-county core market*) increased slightly in October 2013 to 2,211 sales from 2,207 sales the month before. However, as the table below shows, a couple of key things worth noting are that October home sales increased 6.76 percent from October 2012 and, in October 2013, distressed sales (foreclosures, short sales, REO’s) accounted for just a little over 20% of total home sales, down from almost 31% a year ago.
St Louis home prices, as the chart below shows, have steadily risen in the past year from a median price of $130,000 in October 2012 to $148,000 in October 2013. The median price for distressed sales was much lower at $52,914.
St. Louis Core Market Home Sales & Median Home Prices – October 2012 – October 2013
Data Source: MARIS
Data Source: MARIS – Copyright 2013 St Louis Real Estate News
*The St Louis “Core Market” is comprised of the city of St Louis and the counties of St Louis, St Charles, Jefferson and Franklin.
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