This December there are only 692 homes on the market in St. Paul that do not already have offers on them. All I can say is that the real estate market is slowly disappearing. I am not sure what to make of it except that the housing market can not recover if people are not buying or selling houses. Traditionally we have the fewest number of homes on the market in St. Paul at the end of the year and we see an increase in the number of homes on the market in January.
Here are some numbers from past Decembers:
2007 – 3661 Homes for sale in St. Paul
2008 – 1945
2009 – 1426
2010 – 1590
2011 – 1624