Saint Paul Minnesota is Enjoying a Balanced Market

The Median Sale Price peaked at about the same time as the rest of the Twin Cities Housing Market and bottoming in the Spring of 2010 and being pushed up again by the Homebuyer Tax Credit. After the Tax Credit Home Prices began to trend down and has been leveling near $100,000 as of January 2012.

Inventory in Saint Paul has been trending in a Balanced Market since October 2011 and it appears the current Absorption Rate of 6.1 Months of Inventory could continue to trend down in the coming months and turn into a Seller's Market.

The Summit Hill Area in Saint Paul has appreciated the most out of the area in Saint Paul at 24% since 2002 and 2% since 2006. The Summit Hill Area is also the only area in Saint Paul that has appreciated since 2006. The Macalester/Groveland and Highland have appreciated since 2002 and Marriam Park/Lexington-Hamline appears to have broken even since 2002.

The worst performing neighborhood in Saint Paul from 2002 is Dayton's Bluff, which has depreciated as much as 62% and 69% since 2006.

With Balanced Market Conditions trending a flat line and the median sales price leveling off Saint Paul is poised for a rebound. Another clue to an improved Housing Market in Saint Paul includes the areas of Summit Hill, Macalester/Groveland, Highland and Marriam Park/Lexington-Hamline showing improvement since 2002.