The local real estate market remained strong in August. The average days on market was around 20 and the median days on market was 13 which means that houses are selling at a pace that we would expect to see in the springtime. The average asking price was lower than the average list price due to the high demand for housing and multiple offers.
The average sale price was slightly lower than the springtime peak.
The market favors sellers even as the interest rates go up. There are more houses on the market in August but the demand is still higher than the supply.
The data used to make the table was extracted from the NorthstarMLS and is deemed reliable but not guaranteed. The numbers include single-family houses townhouses and condos that were sold in August 2022 and located within the city limits of St. Paul, Minnesota.
