Monday, June 02, 2008

Market clearing. We're Number 3. But, Wright and Sherburne counties are not included.

The Twin Cities, the seven metro counties, time to clear the real estate market.

It is a measure of the housing backlog, supply vs. demand.

The measure is, if no new housing were to come onto the market from today onward, how long would it take before the current supply clears the market.

While obviously an estimate, not an exact number for any locale, that is impossible to predict, here are the numbers, from the article, here ---


St. Paul 5.2 Months

Minneapolis 5.2 Months

Anoka County 7.5 Months

Carver County 6.9 Months

Dakota County 6.2 Months

Hennepin County 6.2 Months

Ramsey County 6.2 Months

Scott County 9 Months

Washington County 7.6 Months


So, Scott County looks most backed-up, then Washington County and "us," Anoka County.