Inventory in St. Paul has expanded in this rolling three-month view, with active listings up sharply from a month earlier, even though they are down compared with last year. New listings have inched higher year over year, while homes sold and pending sales have both fallen more than 60 percent over the same period. With just one home closing and one going under contract, the flow from listing to sale has slowed noticeably.
Prices are showing mixed signals as activity shifts. Typical home values are about 13 percent higher than a year ago, yet the median list price has slipped modestly year over year, suggesting sellers may be pricing more cautiously to attract buyers.
Time on market has shortened dramatically, with the median days on market at just four days, far faster than a year ago. Months of supply, however, has surged to nearly 13 months and is much higher than last year, pointing to a neutral market where neither side has a clear edge. No recent sales have closed above list price, and the average sale-to-list ratio sits just below an even 100 percent, indicating buyers and sellers are meeting near asking prices. In this shifting environment, both buyers and sellers can benefit from Agent Pronto’s help in finding a local agent who understands St. Paul’s trends.
