A look at St Louis Park Real Estate Market

October 14, 2011

St Louis Park homes for sale and new listings have seen some wild changes month over month.  For the month of August new listings are at only  96, this is a –12.7% since 2010.  Closed sales are at 62 up from only 34 the year prior.  The Median sales price of St. Louis Park homes has gone down from $230,950 all the way down to $196,500.  This is a whopping decrease in the average price signifying that it may be a good time to buy your next St Louis Park home.  Days on market until sale is up from 113 last year to about 140 this year.  The one important thing to note is that although some of these numbers don’t look that good, inventory of homes has dropped significantly signifying that demand for St Louis Park homes is outweighing the supply.  This could be sign for the St Louis Park Real Estate market to start leveling out and normalizing.