St. Cloud area boasts strong seller's market as housing stock plummets 60%
A sizzling seller's market has sent the median sales price in the area soaring 11% over last February.
March 16, 2021 — 7:17pm
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Houses in the St. Cloud area are selling faster and for more money than a year ago — creating a strong market for sellers, if they are willing to put their home on the market.
The median sales price in the St. Cloud area — covering the cities of St. Cloud, Waite Park, St. Joseph, Sartell and Sauk Rapids — was $205,000 last month, an 11% increase over February 2020.
And closed sales for the month jumped nearly 20% even as the number of homes for sale plummeted by 60%, according to data from the St. Cloud Area Association of Realtors.