Woodbury Homes For Sale and Market Update; December 9th, 2013

Woodbury Homes For Sale and Market Update; December 9th, 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

Overall a quite week but we’ll take another 15 sales the first week of December and with inventory still shrinking the market remains healthy. FHA changed up their programs a little for 2014 and lowered the maximum mortgage amount to around $318,000. I don’t see this as a hinderance since most buyers would rather go up to 5% down and avoid having the mortgage insurance for the length of the loan as no required. Rates remain in the low 4’s according to my mortgage resources and FHA still in the 3.75% range if you had to go that route due to a credit score or debt to income ratio type issue. I am amazed by the number of inquiries we are getting for new year activity… may want to consider making a move early in the spring to avoid the rush!

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

• New listings of Woodbury Homes For Sale continue with 30  homes hitting the market

• Pending properties add 15 sales, with 85 pending homes

• Overall inventory is at 268 homes for sale… 39 have offers in contingency status!

 

When adjusted for seasonality and compared to 2012 for the month of November 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.

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