I got kind of excited when I noticed that the number of houses on the market in St. Paul has crossed the 600 mark. We haven’t seen that since November of 2017. That by no means signals the end of the seller’s market. but it is an indication that the seller’s market may be weakening a bit.
We used to see more homes on the market in the spring than in late summer or early fall. It is beginning to look like we will see an increase in the number of homes for sale. Closed home sales have been trending downward the past few years but that is only because there have been fewer homes for sale.
With interest rates back down to all-time lows maybe the next few months will be a little better for home buyers.