Local Real Estate Activity – on a stick

Udateonst Here are some numbers for the city of St. Paul, real estate activity as found in the regional multiple listing service data base for the past week:

New Listings 156
List Price Changes 168
Back On Market 21
Pending Listings 70
Closed Listings 90
Cancelled Listings 54
Expired Listings 40

Please note that while there are price reductions home values are going up.   Days on market and other numbers vary by neighborhood, price range and housing type.  If you want numbers for your neighborhood or for a particular price range, ask you REALTOR or send me an email. There are currently 2174 single family units on the market in the city of St. Paul with an average cumulative days on market of 112.9 days.

New listings = those just put on the market

Pending listings = those that have gotten offers in the last 7 days, an important number to watch.

Closed listing = the transaction is complete the sellers got money and the home has a new owner.

Expired = they were under contract with a REALTOR and the contract ran out, so they may still be for sale but are not listed as active.

Back on the market = the expired or cancelled listings that are back on the market.

And as always this information is deemed reliable but not guaranteed.

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