We are halfway through 2018 and so far it has been a great year to sell real estate but not such a great year to buy it. In several St. Paul neighborhoods the average sale price in June was higher than the average list price. That means prices in those neighborhoods are still going up. the overall average and median sale prices were also up from May.
The average days on market was around 20 in June. There are some houses that have been on the market for more than 600 days. I mention that because it is possible to overprice a house in any neighborhood.
There are more homes on the market than there have been for the last several months but we are still seeing a severe shortage of homes for sale.
Saint Paul home prices are at an all-time high. The data used to make the table was exported from the NorthstarMLS which is deemed reliable but not guaranteed. I don’t have an exact number but a high percentage of homes sold in St. Paul are listed on the MLS.
The data includes all single family homes and condos and townhouses within the city limits of St. Paul. Sales price data is for the homes that closed during the month of June.
Real estate is local. For more local numbers see: Local Market Conditions & home prices