New Listings Hit Woodbury Market, Will Buyers Respond?

New listings hit the market in Woodbury, will buyers respond accordingly?

I know my buyers have 3 of my 5 pre-approved and ready to rock home buyers chose to make an offer the FIRST WEEK OF JANUARY! A few have been hanging out since the fall but there are super deals and rates are low, why not?

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 48.4% with 31 homes

• Pending Sales stayed the same 70 homes under contract

• Overall Inventory increased 3% to 318 homes for sale 

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

• Median Sales Price has decreased 10.8% to $220,000

• Days on Market has decreased 4.4% to 136

• Percent of Original List Price Received has decreased 0.9% to 92.2%

• Months Supply of Inventory has decreased 3.3% to 6 months

I will have the final Dec 2011 numbers for you next week,

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.