Right now there is about a two month supply of homes for sale in St. Paul. We have been bouncing back and forth between a one month and two-month supply for a few years now.
A six month supply is considered a balanced market that doesn’t favor buyers or sellers. A two month supply is a strong seller’s market. The last time we had a balanced market in St. Paul was back in January of 2012 with a six month supply of homes for sale. The last buyer’s market was in April of 2011 when there was a 7-month supply of homes for sale.
In Wahington county, there is a five-month supply of homes for sale. That is a little closer to a balanced market. Dakota County has a one month supply of homes for sale.
The data used to make the chart is from the NorthstarMLS which is deemed reliable but not gauranteed.