It is hard to believe that we are more than halfway through 2023, but believe it because we are. More houses hit the market in June in St. Paul than we have seen in any month since May 2022. People have not been putting their houses on the market due to higher interest rates.
Today’s home sellers are couples who are getting a divorce, people who own their homes free and clear, who can buy another for cash, and the families of people who have died. We are also getting calls from investors who are selling for a variety of reasons.
Median and average home prices were up from May due to the strong demand. Homes sold in an average of 22 days. Here are the numbers for June 2023 for your neighborhood.
Note that sale prices on average are higher than the asking price. This is an indication that prices are rising.
The home sale numbers were extracted from the Northstar MLS, which is deemed reliable but not guaranteed, and includes a high percentage of the homes sold within the St. Paul city limits in June.
To look at numbers from past months please see Local Market Conditions & home prices
If you have questions about the value of your own home or would like to buy a house call or write. I am always happy to help.
