Real estate sales are local and somewhat seasonal. Like most Novembers, we see a decrease in new listings and in home sales. Overall homes are selling quickly, for close to or slightly over the asking price. Yes houses do sell during the holidays. Often homeowners are unaware that the spring home sales season starts in January. We start getting calls in January from people who want to sell in the spring. Getting that house on the market by February is ideal.
The table below is a snapshot of home sales in November 2024 in St. Paul Minnesota. The numbers include single-family residential units and the data comes from the NorsthstarMLS which is deemed reliable but not guaranteed and includes most of the homes sold in St. Paul.
I’ll have some numbers for the whole state of Minnesota next week, and a look at mortgage interest rates tomorrow.
