The supply of homes for sale as measured in months has been low for almost a decade. After what I hope what I hope was our all time low of a months supply in April of 2021, the supply has been slowly rising. There is currently a 1.8 month supply of houses on the market in St. Paul. That is very low especially for December. The seller’s market remains strong but may be weakening.
The sellers market remains strong but may be weakening a bit due to higher interest rates, inflation and maybe because houses are so expensive.
Months supply is a measure of how long it would take for all houses currently on the makret. So far this month it takes an avererage of 36 days to sell a house in St. Paul.