Home sale prices are rising rapidly in downtown St. Paul. It should be noted that during the pandemic demand for downtown housing was weaker than it was in the rest of the city. As a result, prices did not go up nearly as much.
There is a 5.5-month supply of housing on the market downtown and a less than two-month supply in the rest of the city. The pandemic had a greater impact on downtown housing.
In 2020 the demand for housing in St. Paul went up while at the same time, it went down in the downtown area. That is all starting to turn around and prices are rising downtown faster than in the other neighborhoods.
