I think numbers are a wonderful way to start the week. I just love real actual data. This data was gathered from the NorthstarMLS and is deemed reliable but not guaranteed. The numbers represent all homes, including townhouses and condos but excluding rental and commercial property within the St. Paul city limits which were sold by a Realtor® in the month ending 12/31/2014.
The housing market is still recovering but we did make some progress in 2014. The median home sale price in December of 2013 was $132,000. The median home sale price in December of 2014 was $155,000.
Once more the inventory of homes on the market is low. We have far fewer foreclosures and there are still people who would like to sell but who are upside down on their mortgages. Last year I was able to sell a few homes where the owners had just a little equity.
Typical for december new listings and the number of homes on the market are down. Sales were slightly better than November’s numbers and prices were up in December from November. Could be that old supply and demand thing going on.
Real estate is local. For more St. Paul real estate numbers please see Local market conditions & home prices.
