The numbers used to make this chart were taken from the Northstar MLS. The information is deemed reliable but not guaranteed, and includes all homes and town houses listed on the MLS with in the St. Paul city limits.
Home prices have gone up in the last year. In St. Paul they reached their high for the year in July. It is normal for home prices to be slightly higher in the spring and summer months than they are in the winter. There have been a couple of months in the past year when the actual sale prices in the Dayton's Bluff area were higher than the list price. This is mostly due to the large number of foreclosures that are priced very low, so low that they often receive multiple offers driving the price up as buyers bid against each other.
2009 was not the best year for home sales but the real estate market finished the year stronger than it started. The inventory of homes on the market continues to decline and there are far fewer foreclosures. Home sales were higher for 2009 than they were for 2008. I don't have all the numbers yet.
Home buyers that would like to take advantage of the tax credit need to start looking now. There are not as many homes to choose from as there were in the past. Sellers who are holding off until spring might want to consider listing before spring because the interest rates are currently very low and the tax credit that buyers are taking advantage of expires in the spring.
For more local numbers, because real estate is local go to the Local market conditions link
