I like the word “mini” when describing the housing market in St. Paul. It gets a little smaller every year. During March we experienced a kind of spring rush as activity increased in the housing market. Nationally February marked the third straight month of an increase in pending home sales. I’ll predict that March will be the fourth but it won’t be reported by the national news until May.
This is why I like to get numbers together a few days after the end of the month. The numbers still lag a bit because most of the home sales that closed in March were initiated in February or even January.
In St. Paul, the amount of time it takes to sell a house is down from last month and the average and median home sale prices are up from last month. It feels like a spring rush because pending sales are way up from last month, and overall sales prices are higher than asking prices.
The table below shows home sales for March in St. Paul neighborhood because real estate really is that local.
The data used in this report was extracted from the NorthstarMLS which is deemed reliable but not guaranteed
For more local real estate numbers please see Local market conditions and home prices.