Here are some home sales and prices data by St. Paul neighborhood for November 2022. The number of homes that went on the market is the lowest we have seen since 2017. The number of home sales is was pretty average for a November. There are usually fewer home sales in the winter than in the spring and summer.
Median days on market was a low 19 days. Fewer sellers got more than the asking price which is also typical for November. Median sales prices remained strong and were up from October.
There has been a shortage of houses for sale for a few years now and the demand for housing has been strong which is why we are seeing a strange seller’s market even though interest rates are higher.
Downtown St. Paul looks a bit more like a buyer’s market.
The data used to make the table was extracted from the NorthstarMLS which is deemed reliable but not guaranteed. The data was gently sorted, never shaken or stirred, in an MS Excell spreadsheet.
For more local home sale data check out Local Market Conditions & Home Prices.
If you would like to know how much your home will sell for and about how long it will take contact me for a free no-obligation consultation.
