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2012: Woodbury, MN, Year-End Housing Statistics

The Woodbury housing market has stabilized and is now a sellers' market with average sale prices up 9.2% as we begin 2013.

The Woodbury housing market appears to have stabilized and average home prices started to rise in 2012.

While the past few years the housing market in Woodbury has been unpredictable we can now verify the Woodbury market has definitely hit bottom and is now on the upswing.

The shortage of quality homes for sale in Woodbury has translated into an increase of 9.2% in median sales price (see 2012 median sales price graph), and a 23.8% decrease in the amount of time a home spends on the market (see graphs).

A balanced market is achieved when there is a 5-6 month supply of homes on the market. If the months' supply of homes on the market is more than 6 months, we are in a 'buyer's market.

If there is less than a 5 months' supply, the market is called a 'sellers' market. Woodbury is a high demand community.

In 2012 we saw the months' supply of homes drop considerably, by 37% (see graph). With a 3.7% months' supply of homes available to buyers, this means we are in a sellers' market situation in Woodbury as we begin 2013.

 

To learn more about what John and Becky will do to market your luxury home, see the videos detailing their premier services. It's all on their website!!!

John & Becky Durham - Durham Executive Group

RE/MAX Results

651-231-2191

John@DurhamExecutiveGroup.com

Becky@DurhamExecutiveGroup.com

www.results.net/john.durham

Housing statistics and information provided by John & Becky Durham are researched from the Minneapolis Area Association of Realtors.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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