The city of St. Paul is the capital and the 2nd largest city in Minnesota. Located primarily on the east side of the Mississippi River it also adjoins Minneapolis. The major corporations that call St. Paul home include Ecolab, Securian Financial Group, and Gander Mountain. The city was home to the Ford Motor Company’s Twin Cities Assembly plant until it closed in 2011. St. Paul’ hosts the Saint Paul Winter Carnival, attended by 350,000 visitors annually.
From May of 2015 to May of 2016 this is the most up to date information on what is happening in the St. Paul Real Estate Market. Statistics offered by the Minneapolis Area Association of Realtors.
|Median Sales Price||$162,500||$175,700||+8.1%|
|Days on the market||95||77||-18.9%|
|Months Supply of Inventory||3.4||2.3||-32.4%|
What this means for you if you’re selling your home:
It’s a very good time to sell your home if you live in St. Paul!
- There are some favorable things happening in the St. Paul real estate market that favor sellers with property to sell.
- With the reduction of homes on the market comes an increase in demand and an increase in price. St. Paul has enjoyed a 8.1% increase in median sales price.
- It remains a strong sellers market in St. Paul
- If you have the opportunity to get in the market now, it would be advantageous for you to do so!
See more Statistics on St. Paul Real Estate Here
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