North St Paul, that quaint community on the east side of the Twin Cities with the big smiling snowman greeting passersby on Highway 36, saw sales drop along with prices in 2010. New Listings are up and sales are down so the inventory that was down at the end of 2009 is starting to creep back up again. The average sales price is down but not in a free fall. It is down 7% but combined with a similar drop last year it appears that this eastern Ramsey County community is struggling toward a more stable balanced market. The average days-on-the-market statistic is down by well over 6% so homes are staying on the market for less time. Sellers that reside in North St. Paul are not receiving their asking price and are accepting offers and average of almost 9% lower than asking. Overall North St. Paul did fare well in 2010 but hopefully will regain more momentum in 2011 toward a balanced market.
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