The local housing market can best be described as fast. As is typical in April the number of new listings went up. April is one of the peak months for home sales. The average number of days on market is slightly less than 26 days. Overall April home, sale prices were higher than the asking prices.
The housing market in St. Paul is a strong seller’s market. Buyers continue to pay top dollar as they attempt to outbid other buyers. Low interest rates are contributing to rising prices. Downtown St. Paul is the exception and is a buyers market. Home prices in most of the city continue to rise. Home prices often peak in April and May.
The data used to make the table was exported from the NorthstarMLS which is deemed reliable but not guaranteed. A high percentage of houses sold in St. Paul are listed on the MLS. The numbers include single-family dwellings, condos, and townhouses.