I love numbers and numbers are a great way to kick off the week. Home prices were up from last month which is highly unusual because they generally go down this time of year and then climb again in January. My guess is that because there are so few homes on the market the laws of supply and demand kicked in and prices went up. Seriously if you have a home to sell now might be the perfect time to put in on the market. Just give me a call.
In November of 2011 the median home price in St. Paul was under 100K this year it is at 130K. I feel comfortable saying that the housing market is recovering but the inventory of homes on the market remains very low in fact there are fewer than 1000 homes on the market in St. Paul. About 30% of all homes on the market are distressed properties. The number continues to go down but is still alarmingly high.
Here are the home sales and prices by neighborhood for November 2012 for St. Paul Minnesota:
Data from the NorthstarMLS was used for this report and it is deemed reliable but not gauranteed. It would be just plain silly to guarantee anything.
Real estate is local and you can find more numbers for St. Paul real estate in local market conditions and home prices.
No living creatures were harmed in the creation of these numbers.
