Woodbury Homes For Sale and Market Update; December 2nd, 2013

Woodbury Homes For Sale and Market Update; December 2nd, 2013

Real estate market data for Woodbury Homes For Sale, provided by Matthew Johnson of The Johnson Real Estate Group at Keller Williams

Real Estate Activity Update

A short and strong week of sales brings us into December of 2013. Most of the sales expected to close by the end of 2013 are now written and wrapping up the inspection phase. Although the seasonality of our market makes this a slower time of the year with regards to sales volume the number homes available for buyers to look at is pretty low. We saw a 74% list/pend the week of Thanksgiving and that is indicative of what we’ll see headed up to the next big holiday!

Interest rates remain in the low 4’s according to my mortgage peeps and more uncertainty remains with regards to expectations in the new year. Remember, a 1% change in rates will reduce your buying power of the median value homes in Woodbury by around $25,000. That means a 3 br instead of 4, or possibly loosing your private master bathroom…. Call us today if you have a question!

The stats for the Woodbury Real Estate Market in the previous week

• New listings of Woodbury Homes For Sale continue with only 17 homes hitting the market

• Pending properties add 13 sales, with 83 pending homes

• Overall inventory is at 263 homes for sale… 43 have offers in contingency status!

 

When adjusted for seasonality and compared to 2012 for the month of October 2013:

• Median Sales Price is up 8.6% to $262,500

• Days on Market is down to 66 days on market

• Percent of original list price received is still at 97.4%

• Months supply of inventory in Woodbury is down 35.7% to 2.8 months *NOTE : SELLERS MARKET*

 

Click to view the current inventory of Woodbury Homes For Sale, or New Listings In Woodbury Minnesota or New Construction Homes in Woodbury!

 

Information is gathered from the Northstar Multiple Listing System and “InfoSparks”

Good luck and happy home selling!

Matthew Johnson

www.mattjrealtor.com

Licensed in both Minnesota and Wisconsin, The Johnson Real Estate Group serves; Woodbury, Oakdale, Cottage Grove, and the entire Twin Cities Area including Western Wisconsin! We are dedicated to providing a superior experience when buying or selling your Twin Cities home! Contact us at www.mattjrealtor.com to find out more.

Speak Your Mind