The number of new listings is up 17% over this time last year. There are more houses coming on the market now, which is a great thing for buyers. There is still a lot of buyer competition though, as the days on market has decreased to just 19 days. Last Summer the average days on market was 51 days.
Here are some quick statistics for Saint Cloud comparing May through July 2020 to those same months in 2021. The number of houses sold saw the same increase of 17% over this time last year. Because of the high interest in buying and a lack of houses for sale to support the demand of buyers, the average price of houses has continued to increase by 15% compared to this time last year. Houses sold in Summer of 2021 on average sold 103.5% above original list price. Even though demand is high and therefore prices are increasing, it is still super important to list a house for a fair market value and not over price it! Houses that don't show well or are overpriced STILL DO NOT SELL and are sitting on the market! These houses still require a price correction. A house priced right and marketed well is selling in a matter of days.
The average sales price for a 3 bedroom, 2 bathroom, single family home without a pool in Saint Cloud was $253,000 in 2020 and has increased to $280,000 in 2021. If you are worried about where you will move to, talk with us! We have 15 different things you can do to keep from being homeless during that in between time. Connect with us to talk about your options.
The above statistics are based on data available within StellarMLS.
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