Buyers Get Head Start on Spring Real Estate Market

In addition to the numbers I share below I also like to see how buyer traffic is on a daily/weekly basis. To obtain a gauge on the activity I use our office inventory and showing activity to track the trends and I am quite impressed with how last week went!

Showing activity was up over 30% and of our 250 or so listings in the Woodbury Keller Williams Office and we had at least 1.6 showings last week per listing! If you are considering a move this year and can make the jump now it maybe worth getting a jump on the market before more inventory comes on through the spring.

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 stats in Woodbury for the week ending January 1st 2012: 

• New Listings increased 22.5% with 40 homes

• Pending Sales was up 17% with 84 homes under contract

• Overall Inventory remained the same with 319 homes for sale 

When compared to the start of 2011 for the month end of December: 

• Median Sales Price has decreased 10.9% to $219,700

• Days on Market has decreased 3.7% to 135

• Percent of Original List Price Received increased 0.6% to 92.4%

• Months Supply of Inventory has decreased 6.9% to 5.8 months

Information is gathered from the Northstar Multiple Listing System and "The Thing" 

Good luck and happy home selling!

Matthew Johnson

www.mattjrealtor.com

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.