Here are the home sale numbers for June 2024. One thing that stands out is that in most neighborhoods and in the city, home sale prices were higher than asking prices. That is a sign that home prices are rising. Home prices are generally the highest in April, May and June.
As interest rates go down if they do indeed go down look for home prices to go up. The median home sale price in St. Paul was $311,000 in June. Also, downtown St. Paul kind of stands out. Now might be a great time to buy a condo in downtown St. Paul. More homes are on the market downtown than in any other neighborhood and prices are the lowest.
Houses sold quickly in June and continue to sell quickly. Median days on the market are at around 11. Some houses are on the market much longer. It is important to understand that houses can be over priced.
