St Louis Distressed Home Sales Down Dramatically In Past Year

By Dennis Norman, on November 28th, 2014

St Louis Distressed Home Sales continue to have less impact on the St Louis real estate market paving the way for sustainable home appreciation, according to the latest data available from RealtyTrac.  According to the chart below, short sales in St Louis accounted for just 1% of the overall home sales last month, a 10% decrease from the month before and a decrease of almost 68% from a year ago.  Nationally, short sales accounted for 5% of all home sales last month.

St Louis REO’s (bank-owned properties obtained through foreclosure) declined slightly in October from the month before and dropped over 30% from a year ago.

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