The housing market in downtown St. Paul has always been a kind of separate real estate market. In most of the city there is less than a two-month supply of homes for sale but in downtown St. Paul there is a seven month supply.
Selling a downtown condo takes two to three times longer tha it takes to sell a single family house in St. Paul. Prices tend to be more stable downtown than they are in other neighborhoods.
Right now downtown has 16% of the invenotry of homes for sale in the city with 100 condos to choose from with a price range of 90K to 900K. For people who have homes to sell and who would like to buy downtown now is the time to do so. Median condo prices were right around 200K last month as compared with 240K overall for the city.
