Here is a quick peek at a housing market “snapshot” for the last 7 days. Since it is Monday I thought it would be fun to show the numbers behind the numbers.
Of the 100 new listings 18 of them have offers on them. That leaves
82 new listings but we have to subtract the 8 that have been cancelled leaving
74 new listings but since 7 listings have expired that leaves
67 and since 80 homes for sale have gotten offers on them home buyers have
-13 more listings to choose from this week.
Yes there are 13 fewer homes on the market in St. Paul this week than there were last week. If you are in the market to buy a home you will need to move quickly. That isn’t to say that each home on the market is priced correctly or that the seller is really ready to accept your less than full price offer but it doesn’t hurt to ask.
Real estate is local and locally we are experiencing a strong seller market.
*numbers from the NorthstarMLS – deemed reliable but not gauranteed
