The housing absorption rate is a measure of how long it would take for buyers to buy every home that is on the market. We assume that no more houses would be added. The overall absorption rate for St. Paul is 1.8 month. That is lower than the 2.2-month overall rate for the Region and the 2.1-month rate for the 7 county metro area.
For an up-close local look here are absorption rates by St. Paul neighborhood. Rates have gone up slightly for some neighborhoods and down for others.
Data used to make the table above was extracted from the NorthstarMLS and is deemed reliable but not guaranteed. Tomorrow I’ll publish Home sales and prices for July 2019.