June home sales by St. Paul Neighborhood

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June Home sales, St. Paul. MN

Home prices are up in all neighborhoods and the average home sale prices in St. Paul were higher than the average list price. Median home prices in St. Paul are higher than they were during the real estate peak in 2006, before the housing market crashed.  Home sales were down slightly in June from May and the number of new listings went up.

Homes are selling in about 25 days or less. There were even a few million dollar homes that sold in less than a week.

The data used to make the table was extracted from the NorthstarMLS and is deemed reliable but not guaranteed. The data includes most of the home sales in St. Paul.

The number of homes on the market has risen a bit but is still very low. There should be about twice as many homes for sale.

For more local real estate data please see Local Market conditions and home prices. If you would like to know how much your home will sell for please contact me, and I will send out some numbers.

What a truly fantastic Friday


It is Friday and Fridays are for fun. I would like to make Friday great again and I can believe me. I can make it terrific. It will be amazing and I am not saying that in a braggadocious way. I know how to win and when I do Friday will be fantastic, believe me. It will be so fantastic that everyone will get tired of it.

I’ll start by building a wall in-between Friday and Monday. I’ll build a wall and I’ll get Monday to pay for it.

The widening net wealth gap

Right now average monthly rents are higher in St. Paul than the average house payment, making owning attractive to many. It never ceases to amaze me the way a person can pay rent each month but not be qualified to buy a home and pay less each month but it happens.

Owning real estate is a strategy for building wealth. Homeownership takes planning. There are downpayment assistance programs and loans that require less than 5% down.

 

Net worth - NAR
Net worth – NAR