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Cash Sales Account For One Of Every Four St Louis Home Sales

St Louis Homes

Just over 1 of every 4  (26%) St Louis home sales (5-county core area) in August 2013 were cash purchases, according to MORE, REALTORS.  This is the highest rate of cash sales in St. Louis since April 2013 and is the highest number of total home sales for a one month period in over 4 years!

The average home price on cash sales in August was $116,724 and the average home price on all home sales for the month was $187,978.

On the national level, almost half of the homes sold (45%) in August 2013 were cash purchases, according to a report released this morning from RealtyTrac.

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St Louis Home Sales August 2013 - St Louis Cash Home Purchases

* Data reported is based upon the 5-County St Louis core area consisting of the City of St Louis and the Counties of St Louis, St Charles, Jefferson and Franklin. 

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