Woodbury Continues to Buck the Trend: Low Inventory and Huge Numbers of Showings

Woodbury continues to buck the trend in the market with low inventory and huge numbers of showings!

The Parade of Homes is set to kick off on March 3 and we should be in for a great year. I recently posted a video highlighting my thoughts on Gary Keller's 2012 Vision speech that can be seen at www.youtube.com/mattjrealtor. Please to take a minute to check it out and share your thoughts!

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 Feb. 18, 2012: 

• New Listings dropped with only 20 new homes for sale

• Pending Sales up just 1% with 88 homes under contract

• Overall Inventory remained the same with 329 homes for sale

When compared to 2011 for the month of January 2012: 

• Median Sales Price has decreased 11.1% to $219,700

• Days on Market has increased 5.1% to 137 Days On Market

• Percent of Original List Price Received is down slightly to 92.6%

• Months Supply of Inventory has decreased 8.8% to 5.7 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!