it is Monday which is a great day for data and for numbers. The table below is for the Month of July 2017 and includes all home sales as recorded in the Northstar MLS in the city of St. Paul. The data is deemed reliable but is not guaranteed and includes most home sales.
Home sale prices likely peaked for the year last month at an average of $261K and a median sales price of $219,950. The number of homes on the market remains low but has risen to November 2016 levels. We would need about twice as many homes on the market to have a balanced market. We are currently in a strong sellers market.
Prices usually peak in April or May. The July sales numbers represent home sales that closed in July. Buyers likely made the offers in May and June. There are several neighborhoods where the sales price is higher than the asking price. For the third month in a row the average sales price in St. Paul was higher than the average list price. Look for that to change in the late summer, early fall.
For more local real estate numbers please see local market conditions and home prices.