Cash Home Buyers In St Louis Account For Half of Home Sales In September

St Louis RealtorCash Home Buyers in St Louis were responsible for 50 percent of the home sales in September 2013 in the St Louis Metro area, according to a new report just released today by RealtyTrac.  The report showed that state-wide, cash buyers accounted for 48 percent of home sales in Missouri during the month.  As the table below shows (a St Louis Real Estate News Exclusive), in the city of St Louis 69 percent of the home sales in September were cash sales.

Cash sales are often associated with investors and, as the table shows, there is no lack of investor activity in the St. Louis metro area.  In fact, institutional sales in September were over 50 percent higher in  the St Louis metro area than for the state of Missouri as a whole.

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St Louis Distress Home Sales Data, Cash Home Sales, REO Sales, Short Sales


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