One in five St Louis home sales in 2012 was a distressed sale

Saint Louis Realtor, Dennis Normanst-louis-real-estate-realtor-dennis-normanAlmost one of every five (19.9 percent) St. Louis home sales in 2012 was a distressed sale, about 5 percent more than 2011 and 2.65 percent fewer than in 2010, according to a report released this morning by RealtyTrac.    During 2012 there we 8,932 foreclosure sales in St. Louis at an average price of $93,699 or a discount of almost 40 percent (39.66 percent) compared to non-distressed home sales.

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