The data used to make the table in this post was gathered from our most excellent MLS, it is deemed reliable but is not guaranteed. The numbers represent listings, sales and pending sales for the month of March, 2010, for St. Paul, Minnesota. Pending sales are almost as high as they were last September when some buyers were racing to beat the tax credit deadline. March is one of the busiest months for home sales in the Twin Cities so I would expect pending sales to be up from February. Prices are up too but on average they are slightly below October 2009 prices. The inventory of homes on the market continues to grow but at a fairly slow rate and is still relatively low.
I will predict that next months data will look similar. April has traditionally been a month of stronger home sales. It will be interesting to see what it looks like after the tax credit expires. While it is nice to see the average prices up, at least for home sellers and owners it would not be wise to get too excited about one months worth of data.
For more numbers like these see Local Market Conditions & home prices.