I’ll have some home sale numbers for June 2019 at the beginning of next week. We are halfway through the year so I thought I would take a quick look at the total number of home sales.
There have been fewer home sales than last year. We are down by 6.3% The median sales price went up about 4.5% from 210,000 to 220,000 as of July first, 2019.
Interestingly the median number of days on the market was 17 during the first half of 2018 and 19 for the first half of 2019 which is a slight slow down.
The reason home sales are lower this year isn’t due to lack of buyers but due to the lack of sellers. This trend isn’t just in St. Paul but is metro-wide and not unique to Minnesota.