In November the number of homes that got offers in St. Paul was higher than the number of new listings. It is normal for the number of homes on the market to fall in November and reach the lo for the year in December.
Right now about 25% of the homes included in the chart as being for sale have offers on them. On average November home sellers got close to their asking price. In some neighborhoods, they got more than the asking price.
The overall median sales price went up by about as much as it went down in October.
The housing market strongly favors sellers. Overpriced homes sell once they are priced fairly. Average market time is less than 40 days and less than 30 days after the last price reduction.
Home sellers often take their homes off the market in November and put them back on again after the new year. Houses that are on the market sell faster than those that are off the market.
The numbers used to make the chart, were extracted from the NorthstarMLS and are deemed reliable but not guaranteed.
If you would like to know how much your house might sell for, contact me for a free no obligation consultation.
For more local real estate numbers please see Local market conditions and home prices
