Home sellers sometimes assume that if their house gets a lot of showings as soon as it comes on the market that it will get an offer right away.
It doesn’t always work that way. Showings are not the same as offers. There are few houses on the market and as a result, buyers are looking at houses that they would normally ignore.
Buyers will tour a house that is almost a good fit or that could be a good fit. We are in a strong seller’s market. During the last buyer’s market, home buyers could cherry pick what they wanted to see.
On average each St. Paul home that is on the market will get 11 showings and the number has been climbing and at the same time, the number of days that it takes to sell a house is decreasing.
The median number of days on the market in St. Paul is around 24. Those days include the days that the house is has a contingent offer on it. Ten days is a kind of standard length for an inspection period.
