August 2020 was the best month for home sales in St. Paul so far this year. There were more homes on the market than we have seen in a while. We are still in a strong seller’s market with about a 1.8 month supply of houses. Overall sales prices were higher than the listed price but close like they were last August.
The median home sale price in St. Paul was 243K for the month of August.
The number of new listings was way up from prior months and as high as I have seen it for a couple of years but still low.
We are just as likely to see an increase in home sales this fall as we are to see a decrease. If we see an uptick in Coronavirus cases homes sales may slow. The high unemployment rate will start to have an impact as well.
Homes were on the market for an average of 23 days in August. I don’t have any numbers on how many got multiple offers but when sale prices are higher than asking prices it is usually because of multiple offers.
Real estate is local and recent data is more relevant than old news.
The numbers in the table are from the NorthstarMLS which is deemed reliable but not guaranteed. No numbers were harmed. They were gently sorted in MS Excel but never stirred.
For more local home sale data see Local market conditions and home prices
If you would like to know how much your home might sell for contact me and I’ll provide a fast free no-obligation estimate. (Also called a CMA)