woodburymn homes: 2014 Woodbury Home Sales Year in Review
- 12/09/14 01:00 AM
Home sales in Woodbury didn’t reach the levels everyone expected this year. As more and more homeowners gained the necessary equity in their homes needed to sell for a profit, inventory went up over 30%. This combined with the flood of new housing inventory to compete with and the overall buyer activity down over 6%, created a drastic slowdown in home sales. The good news is it’s a great time to buy! High inventory and record low interest rates have combined for one of the best buyers markets we have seen in over five years. What … (0 comments)
Home sales in Woodbury didn’t reach the levels everyone expected this year. As more and more homeowners gained the necessary equity in their homes needed to sell for a profit, inventory went up over 30%. This combined with the flood of new housing inventory to compete with and the overall buyer activity down over 6%, created a drastic slowdown in home sales. The good news is it’s a great time to buy! High inventory and record low interest rates have combined for one of the best buyers markets we have seen in over five years. What … (0 comments)
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