Housing Absorption Rates December 2023

Housing is being absorbed which means people are buying houses. Currently, there is less than a two-month supply of houses that are for sale. That it would take less than 2 months for all of the houses on the market to be sold.

This really is a good time to sell a house. It isn’t that great of a time to buy but people are buying. The combination of high prices and high-interest rates is not keeping buyers on the sidelines.

Remember real estate is local and always changing.

Graph of absorption rates
Absorption rates for Housing in St. Paul