This chart is based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC for the period January 1, 2008, through January 31, 2008. The chart is too small to read as it fits in my blog, but it will enlarge if you click on it.
The St. Paul areas in the chart are based on the MLS boundaries and are different from St. Paul's neighborhoods. The Kings Map has a map showing the MLS boundaries for those wanting to identify which area their home is in. Better yet, you can give any real estate agent a call (including me) and we can tell you what MLS area your St. Paul home is in.
January normally is a slower month in St. Paul real estate so one would expect to see a drop in listings and home sales. This month shows a decline in the overall number of active listings but the number of sales, new listings, and pending sales are up. But then, so are the number of expired listings (houses whose listing contract has ended) and off market listings. Possibly the reason that the number of total sales is higher than December's is because the average St. Paul list price has decreased and so has the average sales price.
Despite the media scare about the St. Paul market, sales are still happening. As spring approaches and prices continue to become more affordable, it would be expected that the St. Paul house sales will continue to slowly increase.
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