St. Paul, MN August 2006 Market Recap

Here are the latest real estate market statistics for St. Paul, MN. These numbers represent single family homes and condo sales only.  The percentage of  homes on the market where the asking price has been reduced: 36.2% **

Average	July 2006	August 2006	% Change
Asking Price	$239,684	$232,776	-2.9%
Sales Price	$237,854	$230,875	-2.9%
% of Asking Price	99%	99%	0.0%
$/SQFT	$103	$158	53.4%
Days on Market	141	121	-14.2%
Total Transactions	324	305	-5.9%

** As of 9/7/2006: All numbers are from the MLS and are deemed reliable but not guaranteed. Market numbers as of 9/7/2006: 2,607 properties on the market with 944 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.

Search for Greater Minneapolis homes and condos for sale.  Read more about neighborhoods in North St. Paul or South St. Paul, MN.

Comments

[Justin Chimento]

Normal Market -

In a normal market, there is fairly a large number of homes available and an average number of buyers. This market does not necessarily favor the buyer or the seller. A seller may not have as many offers on their home, but he or she may not be desperate to sell either. Again, it is the buyer's responsibility to be prepared. During a normal market, the chances to negotiate are higher than in a hot market. As a buyer, you can expect to make offers at lower than the asking price and negotiate a price at least somewhat less than what the sellers are asking...

http://www.ExchangeCa.com