By local, I mean St. Paul. If you look at the screenshot it shows that houses are still selling as fast as they can come on the market. The number of newly listed homes is smaller than the number of closed listings and slightly larger than the number of pending sales. Price reductions are up a bit, those reductions will likely impact the closings we see in July. Next week I’ll have some numbers for June home sales.
Canceled and expired listings often show up again as “back on market”.