Here are home prices and sales for St. Paul neighborhoods for the month of May 2017. Median prices were up 6% over last month, which was up almost 5.5% from the month before. Is this sustainable? I say no way.
The sale prices are actually on average higher than the asking prices. Not all sellers are getting more than the asking price but most expect it as buyers compete with each other over too few homes for sale.
The numbers used to make the chart were extracted from the NorthstarMLS, which is deemed accurate but not guaranteed. The numbers were gently sorted and subtotaled in using MSExcel, and never stirred or shaken. They represent most of the residential home sales within the city limits during the month of May 2017.
I know my numbers and have been publishing monthly numbers for St. Paul Real estate since 2006. If you have any questions please ask. If you would like to see more local numbers please check “Local Market Conditions & home prices”