Click on Chart to make it larger.
The chart represents all of the listings and sales of single family homes, which does include townhouses and condos, in the city of St. Paul, MN, for the Months of January and February 2008. The red line represents new listings and the blue line represents the number of offers that have been made by buyers. For data from prior months and all of last year see local market conditions & home prices.
In the next few months we would see the number of homes on that are put on the market go up. Will the number of homes purchased also go up? We shall see.
Hi Teresa
A good sign of a slowing market is less listings, however in Northern VA we have more on this year than last year. What the stats fail to show is that around half of them are either a short sale or foreclosure. At least those who have the choice of selling are sitting tight.