For both Seller's and Buyer's the following information provided by the Durham Executive Group is helpful to understand when buying or selling a home. The graph below is Woodbury MN Average Days on Market for Home Sales on a twelve month rolling scale.
What you will notice is that all three categories of homes for sale (traditional home sales, foreclosure home sales, and short sale home sales) are completely different in terms of Woodbury MN Average Days on Market for Home Sales. Traditional home sales in Woodbury are seeing the number of days a home is on the market reducing significantly, while both foreclosures (lender owned), and short sale days on market are going up. This particular agents view on this subject is that Woodbury home owners after 5 years of depreciation in the market place have a much better perspective on their homes true worth, while short sale owners are not in a hurry to sell due to free rent, and banks are moving slower and establishing higher sale prices than earlier years.
The thing for a seller to keep in mind is that fall and winter is still a good time to sell as the number of competing homes for sale in Woodbury usually drops allowing for less competition.
Note: The graph below is provided by the Minneapolis Area Association of Realtors.