Few homes for sale means fewer home sales

The very best years I had as a Realtor were 2013 – 2015. There were fewer Realtors than there are today and more houses to sell. The number of homes on the market has been declining ever since and at the same time there are a record number of Realtors. If you plan on working with a Realtor please choose with experience. Experience is even better than a fancy car or someone “nice”.

There is some good news in the housing market. The median days on the market during June was 11 days. Prices remain at an all-time high. It is all about supply and demand. Mortgage Interest rates are on average slightly over 7%.

That means houses are selling fast. I’ll have lots of numbers by mid-week. I need to wait a day or two for the dust from May to settle.

Chart - home sales last ten years
Home sales in St. Paul, since 2014
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