Almost Two-Thirds Of St Louis Foreclosures Sold Were Cash Sales

By Dennis Norman, on September 9th, 2014

The number of St Louis Foreclosures  (bank and government owned) continues to decline resulting in just 335 St Louis Foreclosures being sold during the month of August 2014 in the St Louis Core market, a decline of  44% from August 2013 when there were 598 St Louis Foreclosures sold.  What hasn’t changed though is the fact that nearly two-thirds (62%) of the foreclosures sold were cash sales for both periods.  For the St Louis real estate market as a whole, cash sales made up for fewer of the home sales in August 2014 with just 22% of all homes being sold on a cash sale, down from 26% a year ago.

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