Health & Fitness
A Turn in the Wrong Direction for the Woodbury Real Estate Market?
We saw pending homes ease while inventory grew... oh no! Well, it's the week after Easter and the number of homes for sale in Woodbury MN always grows this time of year.
A turn in the wrong direction for the Woodbury real estate market, or just the typical monthly cycles?
We just experienced the first in a series of monthly trends for the real estate market. I track the Woodbury data very closely and in this "micro-climate" we saw pending homes ease while inventory grew... oh no!
Well, don't get too excited just yet. First of all, it's the week after Easter and the number of homes for sale in Woodbury MN always grows this time of year and we are nearing a month end. That means all the buyers who need to close by the end of May have found their perfect home and are in negotiations for a 45 day close, these listings will show "pending" status within 7 to 10 days and I'll be happy to report the same ol'-same ol', to you in the next week or two!
Find out what's happening in Woodburywith free, real-time updates from Patch.
These are some of the key statistics and trends I track on a weekly/daily basis. Now I must admit, there is no way of predicting the future and we all aspire to be the one who holds the crystal ball of real estate information. And of course the disclaimer your financial adviser always shares, "Past performance is no guarantee of future results."
The weekly stats in Woodbury for the week ending April 14th 2012:
Find out what's happening in Woodburywith free, real-time updates from Patch.
• New Listings grew with 36 new homes for sale
• Pending eased by 4% with 133 homes under contract
• Overall Inventory grew 4% to 330 homes for sale
Compared to 2011 for the month of March 2012:
• Median Sales Price is down 9% to $216,950
• Days on Market is down 3% to 134 Days On Market
• Percent of Original List Price Received remained the same at 92.8%
• Months Supply of Inventory is down 25% to 5.2 months
Information is gathered from the Northstar Multiple Listing System and "The Thing"
Good luck and happy home selling!
Matthew Johnson
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.
