Over Half Of St Louis Foreclosure Sales In July Were Cash Sales

By Dennis Norman, on August 19th, 2015

Over half of the St Louis Foreclosures  (bank and government owned) sold in July were sold for cash, according to the latest data from MORE, REALTORS.  In July 2015, there were a total of 323 foreclosure sales in the 5-county core St Louis market with 179 of them, or 55.4%, being cash sales.  As the table below shows, the number of foreclosure sales in St Louis in July 2015 was down 12.5% from July 2014 while the median sales price was up 1.8%.

There were a total of 3,754 home sales in St Louis in July 2015, an increase of 18.2% from July 2014 and, as the table below illustrates, 20.1% of those sales were cash sales as well.  The median price of homes sold was up 3.1% from the year before.

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St Louis Home Sales and Cash Sales

Source: MORE, REALTORS

St Louis Foreclosure Sales and Cash Sales

Source: MORE, REALTORS

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