Numbers from the RMLS, the data is deemed reliable but not guaranteed. Pending homes are homes that have offers on them during the month of April.
The absorption rate for St. Paul, is 5.9 months which is down from the high of just over seven months in January of 2007.
Related Posts: Local Market Conditions and Homes Prices for Saint Paul, MN, and St. Paul and Minneapolis first quarter 2007 sales.
Interest rates remain low, and have gone down slightly since February 2007, when the average reported by Freddie Mac was 6.34%.
Posted courtesy of The St. Paul Real Estate Blog
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