Saint Paul Real Estate Stats-January 2009
The stats of the Saint Paul real estate market continues to improve in some areas and not in others. For the month of January 2009 the bright spots were:
- New listings were down 2.5% from January 2008. This reduction in new inventory helps existing homes on the market sell.
- Saint Paul Homes closed were up 7.6% which shows good throughput of listings.
- Total inventory of single family homes was down by a whopping 12.6%
- Saint Paul Condo and Townhouse inventory was down by a staggering 27.3% from 2008.
For January 2009 in St. Paul, the areas that are still tough are:
- Average sale prices on Saint Paul Homes was almost half of 2008 levels (down 46%).
- Days on market (average) for all Saint Paul Real Estate rose by 15 days or 11%.
All in all, things seem to be picking up for the Saint Paul Real Estate market. Let’s hope that these trends continue through 2009.
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