The best word to describe the January 2021 housing market is “fast”. For the second month in a row, there were more pending sales than new listings. Housing is in demand and it is selling quickly. If only there were more houses available to buy.
The median sale price is up from December. The number of days on the market was up slightly from February but stands at about 37 days. Overall Asking prices and actual sale prices are very close.
Our seller’s market continues except in downtown St. Paul where the market is balanced with a six-month supply of housing. The last time there was a six month supply downtown was in June of 2013. The rest of the city has less than a two month supply.
The numbers used to make the table are from the NorthstarMlS and are deemed reliable but not guaranteed. Most homes sold in St. Paul are listed on the MLS. For more local real estate numbers see: Local Market Conditions