09/27/2026
August wrapped up the summer season on a strong note in the St. Cloud area, and there is genuinely good news on both sides of the closing table.
Here is the quick look. Average sale price climbed to $323,152, up 8.7% from last August, and sellers received 98.4% of their original asking price on average. New listings rose 15.4% year-over-year to 187 homes, and buyers now have 363 active listings to choose from. Closed sales came in at 125, a natural late summer softening as families settle in for the school year. Days on market landed at 38 days, so well prepared homes are still finding their people quickly.
A note on the rate conversation, because I know it is on everyone's mind. Interest rates sat at 7.43% as of Friday, and yes, that number gets a lot of attention. But here is the honest truth, this is actually a wonderful moment to be a buyer. Competition has cooled off from where it was a few years ago, selection is at its widest point all year, and we are seeing more sellers offering meaningful concessions to help bridge the rate gap, whether that is a rate buy-down, closing cost help, or a price adjustment. All of this adds up.
Sellers, buyers are still out there, still serious, and still willing to pay close to asking when the home shows well. A thoughtful pricing strategy and a willingness to be flexible on concessions can absolutely still get you where you want to go. Buyers, this is the kind of market that rewards patience and preparation. More choices, less bidding wars, and in some cases room to negotiate. Get pre-approved, know your priorities, and let's find you the right property. Whatever your timeline looks like, I would love to help you through it.
