The number of homes for sale is slowly rising. The number of houses being purchased has slowed a bit. The inventory of homes for sale remains low.
I like to look back to 2019 as the last normal year for home sales. Since about 2013 we have experienced a strong seller’s market. Home prices will continue to rise because demand is strong and supply is relatively low. The average days on the market for homes for sale in the Twin Cities sits at about 20 days, another indicator of strong demand for real estate.
