Trend Continues to Tilt in Home-Seller's favor for Woodbury

The spring market appears to be in full swing already. Wait, spring market? Already?

Yep, my rule of thumb is and judging by all the video clips and commercials posted by my friends on Facebook yesterday it's time to strap up the boots and get to work! I hope you stay tuned for my future posts because this could get exciting!

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 February 4th 2012: 

• New Listings were up 9 units with 28 new homes for sale

• Pending Sales increased 4% with 76 homes under contract

• Overall Inventory decreased 1% to 330 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.