September went by so fast that I almost missed it. If we make some comparisons between September 22 and September 23 most of the metrics are lower. Prices are higher.
There are fewer houses on the market in St. Paul and fewer new listings, pending sales, and fewer sales. Median sale prices are up and houses are selling quickly. The average number of days on the market is around 25 days.
The average sale price in September was more than the average list price which means prices are probably still rising.
All in all, I can only see good news for homeowners who want to sell.
Mortgage interest rates are still at 20-year highs. Rents may be softening a bit and there are opportunities to rent and to buy rental properties.
The table below shows home sales and prices by St. Paul neighborhood for the month of September. These numbers were extracted from the NothstarMLS which is a database of homes for sale. The data is deemed reliable but not guaranteed. There are few guarantees in life.
Yes, this is a great time to sell a house in St. Paul. Not such a great time to buy but people are buying.
