As a real estate agent we like our clients and for those considering putting their home on the market to stay informed on housing trends for Woodbury MN. Subsequently, my research this morning shows me while some home depreciation in Woodbury has continued there are some positives. My research clearly indicates that the number of Woodbury MN Pending Sales (Dec. 2011) has increased over the past year. Of special interest is that there has been a +5.8% increase in the number of pending homes over the past twelve month period in Woodbury. This information has been researched from the Minneapolis Area Association of Realtors.
With the continued decline in the total number of Woodbury MN homes on the market we are starting to see more and more of a 'balanced housing market' in Woodbury. With a 6 months' supply of homes for Woodbury we are not far off from what is traditionally considered a balanced housing market.
Keep in mind that homes sell all year and not just in the spring. Sometimes home sellers mistakenly believe you cannot sell a home in the winter months, but that isn't the case. In fact, there generally is a considerable less amount competition as many people pull their homes off the market until spring.