The local real estate market has been stable and predictable this year. The number of homes on the market remains low and home sales remain strong. They would be much stronger if there were more homes to sell.
Home sales start to taper off in the late summer and early Fall and reach the yearly low in December or January. Home prices are a little lower in the fall than they are in the spring.
Fewer homes were listed in September than were listed in August which is also typical and predictable.
No surprises in the September home sale data. Homes are selling quickly and sometimes they get multiple offers and sell for more than the asking price. I think that trend will continue through the winter months.
The data used to make the table was extracted from the NorthStarMLS and was imported into MS Excel where it was gently sorted by neighborhood and then subtotaled. The NorthstarMLS is deemed reliable but not guaranteed. The numbers include all single family homes including condos and town houses that were sold within the St. Paul city limits that were sold with the help of a REALTOR®.
For data from previous months going back more than a decade please see Local Market conditions and home prices. If you would like to know what your home might sell for give us a call.