Across the nation, homeowners are breathing a collective sigh of relief with the news that the housing market may be leading the way to economic recovery in 2013.
The Woodbury housing market is seeing statistics not seen in over a decade.
We can all probably agree that homeowners have been reluctant to put their home on the market when prices have been so low. The lucky ones who have been able to meet their monthly mortgage payments have not been eager to take a loss by selling their current home. But times may be a changing!
Did you know that people are buying homes in Woodbury?
Yes! It’s true! John and Becky Durham, of Durham Executive Group in Woodbury, closely track housing statistics in Woodbury and find that home sales in Woodbury have been steadily increasing for nearly two years (see graph). In fact, home sales are approaching the numbers we saw back in 2007. But there’s one problem. There’s nothing on the market!
The number of homes currently on the market is at the lowest level in years, and nearly half the number in early 2008 (see graph). A lack of homes for sale is approaching a desperate situation for home buyers, who are finding very little to choose from in such a tight market. At a 2.4 months’ supply of homes currently on the market, we are definitely in a seller’s market in Woodbury. Fewer homes on the market, but yet the number of closed sales has increased? You don’t have to have a PhD in economics to figure out that the lack of competition in the current market means there are people are scrambling to find homes to buy in Woodbury. They may even want to buy YOUR home!
Did you hear that John and Becky recently sold a luxury home in Bailey’s Arbor in ONE DAY? When was the last time you heard someone say that? How did they do it? They would love to tell you all about it, and provide you with a free market analysis of your home. Their expertise in the Woodbury market, coupled with their sophisticated marketing strategies will get your home sold. If you are a buyer, you can trust that John and Becky will pull out all the stops to help you find that gem you’ve been searching for. Check out the videos detailing all their premier real estate services at www.results.net/john.durham
John Durham - 651-231-2191 firstname.lastname@example.org
Becky Durham - 651-231-2192 email@example.com
* Housing statistics and data provided by John and Becky Durham are from the Minneapolis Area Association of Realtors. Information is deemed reliable but not guaranteed.