Yes, the real estate market in St. Louis Park is still a seller’s market. For how much longer this will be the case, however, is anyone’s guess. For right now, however, prices are up, inventory is suppressed and if you own a home in St. Louis Park and are thinking of selling, our best advice is to get in now while the gettin’s good.
The number of new listings to hit the St. Louis Park real estate market increased slightly (1.7 percent) over August of 2014’s number which sounds like good news for St. Louis Park homebuyers. The devil, however, is in the details.
Looking closer at some of the other statistics we see that the area’s inventory of homes for sale fell 12.6 percent. We’re now sitting on a puny 2.5 month supply of…