Sales activity picked up in March, but like last March, the average list price in St. Paul was slightly higher than the average sale price. The number of days it takes to sell a house went down. Median home sale prices went down slightly from last month. Downtown St. Paul had the most homes on the market, while Highland Park had the highest number of pending sales. To get a feel for which neighborhoods are the hottest right now, compare the number in the homes for sale column with the number in the pended column. If the numbers are close or the pended number is higher than the number of homes for sale, houses are selling quickly.
With 30-year mortgage rates at about 6.6%, pending tariffs on imports, and general political chaos, I am going to go out on a limb and predict slower and fewer home sales this spring.
Real estate is local. The chart was made from data extracted from the NortstarMLS. It is deemed reliable but isn’t guaranteed. The data captures a high number of houses that are bought and sold in St. Paul, but not all of them.
