Woodbury Housing Inventory at 8-Year Low!

At this point in the spring, we are usually gaining inventory that will continue to sell off into the summer months.

Not in 2012. After peaking at 337 homes in the last week of January we have trickled down while the pending number has grown by over 50 properties! In my Keller Williams office we are averaging over 2 showings per week per listing for the 2nd time in more than 5 years! (The first time was the last week of January 2012)

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 24th 2012: 

• New Listings dropped slightly with 30 new homes for sale

• Pending jumped another 13% with 133 homes under contract!

• Overall Inventory decreased 3% to 324 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.