April 2023 Home Sales for St. Paul

Table that shows home sales by St. paul neighborhood
Home sales and prices by neighborhood for April 2023

Higher interest rates are impacting homeowners more than home buyers.  New listings were down by about 1/3 as compared with April 2022.

Sellers are getting more than their asking price and houses are selling in less than 30 days. The demand for houses remains higher than the supply, although the supply did go up to 1.5 months from 1.4 months earlier this year.  There is a 1.6-month supply of homes currently for sale in the seven-county metro area.

Prices usually peak in the metro area in April. We won’t have those numbers until May. Average mortgage rates on a 3o year mortgage are at around 6.4%.

If you would like to know how much your home will sell for call or write for a free no obligation market analysis.

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