Saint Paul Real Estate Blog

Saint Paul Real Estate Market Analysis for January 2009

The first St. Paul real estate market analysis for the year of 2009! New posted listings for homes in St. Paul, Minnesota, decreased in January according to the Minneapolis Area Association of Realtors’ Market Update for 100 Twin Cities Communities.  During the month, there were 548 new listings in Saint Paul, compared to the 562 homes put up on the market during January 2008.  That is a decrease of just -2.5%.  It was a mixed bag when the posted new listings are broken out by neighborhood, as some big increases while others saw decreases. Here is a breakdown of new listings by Saint Paul neighborhood:

The number of homes sold within St. Paul, Minnesota, in January 2009 is higher than the same month of 2008, a trend that has been running for a few months.  There were 170 homes sold throughout the month, a +7.6% increase over the 158 homes sold in January 2008.  Closed sales on homes for January 2009 in Saint Paul by neighborhood:

The prices of homes sold in St. Paul have continued to fall.  The average sales price of a home sold in January was $111,222, a negative change from the $205,897 of January2008.  That is a decrease of -46.0%. Only the West 7th neighborhood saw an increase in real estate prices in January. The...

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