John and Becky Durham of RE/MAX Results are Woodbury's housing market residential real estate experts who keep currrent on market trends within the community and provide the information to Woodbury residents. Previously you have seen us blog about Woodbury housing statistics, however if you live in Woodbury zip code 55129 we have more detailed housing market information for year ending 2012.
The average sales price as of the end of December 2012 is up +3.4% (see graph) to $299,200 from the previous 12-month period year ending 2011.
Days on market dropped -16.4% down to 108 days (see graph) from 129 days on market from the previous 12-month period year ending 2011.
The months supply of homes for sale is down -31.5% to 4.2 months supply (see graph). A year ago zip code 55129 housing market has a 6.2 months supply of homes for sale. A balanced housing market is achieved when there is a 5-6 months 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. In 2012 we finally saw the months' supply of homes drop considerably, by 23.4%. With a 4.2 months' supply of homes for sale for buyers, this means we are in a sellers' market as we begin 2013.
To learn more about what John and Becky will do to market your Woodbury luxury home, see the videos detailing their premiere services. It's all on their
website at www.results.net/john.durham.
John and Becky Durham are a marketing award winning husband and wife real estate team specializing in the marketing and selling of luxury homes in Woodbury. Both John and Becky have earned master's degrees. Their marketing expertise, combined with their executive level business and consulting experience, means they are uniquely equipped to negotiate the best deal for you, whether you are buying or selling a Woodbury luxury home.
Housing statistics researched by John and Becky Durham from the Minneapolis Area Association of Realtors. Information is deemed reliable but not guaranteed.