Last week the stock market correction or drop hasn’t had an effect on local home sales and I don’t think that it will due to super low-interest rates and strong demand. There was a lot of activity over the weekend with buyers making offers and looking at homes for sale.
In St. Paul 71 new listings were added and 82 went into the pending status which means that they have offers on them that were 
accepted by the seller but have not closed yet. The charts show activity for the last seven days.
It is hard to predict if home seller behavior will be affected. Over the last several years there have been fewer houses on the market each year because homeowners are not selling.
Over the past week, real estate definitely performed better than the stock market did.
