Currently there is about a three month supply of homes on the market in St. Paul and there are fewer homes on the market today than there were on January 1. Unfortunately there are sellers who want to sell but who can not because they still owe more on their home than they can sell it for.
This year there are fewer foreclosures out there on the market too which is a good thing and a not so good thing too. Here is a look at how many homes there were on the market each January for the last ten years in St. Paul, MN. The data used for the chart came from the NorthStarMLS and is deemed reliable but not guaranteed as is for all homes and condos or townhouses listed through the MLS within the city limits.
Back in january of 2003 we had about a 3 month supply of homes on the market and fewer for sale than we had today. The median home price in St. Paul was 158K today it is 128K.
Also see Where Have all the Homes Gone?