The inventory of homes on the market in St. Paul is slowing increasing. At one point in February there were less than 600 homes on the market in St. Paul and now there are closer to 900 homes on the market. It is still a sellers market.
The last time we saw the number of homes on the market in crease each month was during the great housing depression when there were far more sellers than there were buyers. Each month more homes would go on the market and each month fewer homes were sold.
Right now we are seeing homes sales increasing a bit each month, and the number of homes being put on the market is also increasing. Each month more homes go on the market than go off the market.
The table shows the activity in St. Paul this year:
Data from the Northstar MLS
May could be the peak month for both listings and sales. It will be interesting to look at June numbers. Real estate sales remain strong as do home prices locally and nationally.
