Absorption Rates in St. Paul

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.

graph with absorption rates
Housing absorption rates in St. Paul

The data used to make the chart is from the NorthstarMLS which is deemed reliable but not gauranteed.

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