Low but not record breaking

A year ago today I wrote about the record-breaking low number of homes on the market. Typically we see the fewest homes on the market in December and early January. This year there are 298 homes on the market in St. Paul that do not have offers on them. Last year I reported 243 homes on the market on this date. Maybe 243 was a record that won’t be broken.

If you are planning on selling your home this spring now it a good time to get it ready to sell.

This is what I wrote on January 3, 2018:

Graph by year homes for sale
Homes for sale in the Twin Cities

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.

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