Sometimes how buyers ask me for averages of list price Vs. sale price and use it as a guide for making an offer. Having some averages of list prices Vs. sale prices is useful but some homes are overpriced and some are underpriced and a few are priced just right. On average home sellers will get less than their asking price but pricing a home higher does not necessarily result in a higher sale price and can result in a lower sale price. The sellers best chance to get the maximum amount of money for their home is with-in the first two weeks it is on the market.
The data used to make the chart was extracted from the NorthstarMLS which is deemed reliable but not guaranteed. A very high percentage of the homes that are sold in St. Paul each year are listed in the NorthstarMLS.
