Homes for Sale in Woodbury: Fewer Price Reductions in March 2012

Homes for sale in Woodbury had less price reductions in March of 2012!

That's a good sign in my opinion, along with decreasing inventory and an average of over 2 showings per week per listing now 10 days in a row! The down side is that 7 county metro median sale price slipped another 1.2% in March but the future is bright for real estate in the Twin Cities! If you were t0o compare the last 5 years of market data to a hospital 2007-09 were ambulance to the ER. 2010 and 2011 we were in the ICU and now 2012 could be the year we begin a slow recovery and years of rehabilitation....

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 March 31st 2012: 

• New Listings dropped slightly with 29 new homes for sale

• Pending dropped a bit to 131 homes under contract due to month end closings

• Overall Inventory decreased 1% to 320 homes for sale

Compared to 2011 for the month of February 2012: 

• Median Sales Price has decreased 12.8% to $215,000

• Days on Market decreased slightly, 3.7% to 136 Days On Market

• Percent of Original List Price Received remained the same at 92.6%

• Months Supply of Inventory has decreased another 16% to 5.5 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.