The inventory of homes on the market has been low all year. Right now we have about a 5 month supply or homes for sale in St. Paul. Absoption rates measure how long it would take for all of the homes on the market to be sold if no more homes were put on the market and buyers continued to buy them at the same rate.
We have has less than a 4 month supply of homes on the market for most of the year. Inventory shortages have eased up.
Absorption rates
The data used to make the chart came from the Northstar MLS which is deemed reliable but not guaranteed. These numbers are not harmful to children or pets if swallowed but I can not guarantee that either.