I like to read real estate news. I don’t miss much. Last week I was reading an article about how home buyers will have more choices this spring than they had last spring because there are more homes on the market.
Real estate is local and here in St. Paul there are actually fewer homes on the market right now than there were in March of 2018. The number of homes on the market should increase as we head toward late Spring and early Summer. That increase happens every year and right now I am not seeing any evidence that there will be more homes on the market this year than there were last year.
There are also fewer houses on the market this March in Minneapolis than there were in March of 2018. It looks like there may have been more houses on the market in January of 2019 for both cities than there were in January of 2018 but no significant difference and January is so two months ago.
When looking for home buying or selling advice or tips try to tap into some local sources for news and advice.
The chart was made from data in the NorthstarMLS which is deemed reliable but is not guaranteed.
For more, local real estate numbers see Local Home prices and sales