St Louis Home Sales Increase Slightly In October…Distressed Sales Share Drops By Third In Past Year

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.

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St. Louis Core Market Home Sales & Median Home Prices – October 2012 – October 2013
St. Louis Home Sales & Median Home Prices - October 2012 - October 2013

Data Source: MARIS

St Louis Distressed Sales October 2012 - October 2013

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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