This isn’t the first time I have written about a record-breaking low number of homes listed for sale. In St Paul, there are only 243 homes on the market that do not have offers on them. The data in the graph comes from the Northstar MLS which is deemed reliable but not guaranteed. Buyer demand remains high and on average homes are selling quickly.
We are in a strong seller’s market. It isn’t a healthy market and has been out of balance for the last several years.