Woodbury, MN Housing Market April 2013

By
Real Estate Agent with RE/MAX Results

Wow, what a difference 24 months makes!  When comparing 2011 to 2013, the buyers have flooded Woodbury’s Housing Market and completely flipped the market from a buyers market to a sellers market.

 

In April of 2011 there were 530 homes on the market, as of today there are only 288.  That’s a 50% decrease in inventory!  In April of 2011 homes took an average of 173 days to sell and were selling for 90% of original list price.  In April of 2013, homes sold in less than 65 days and sellers were able to get 97% of original list price.  More good news when comparing 2011 to 2013:

 

  • Average sales price is up 25%
  • Price per square foot is up 15%
  • Pending home sales are up 57%
  • Closed sales are up 50%
  • Months supply of inventory is down 70%
  • I believe timing is everything and right now your timing is perfect!

 

If you are thinking of selling your home in Woodbury, MN – DO IT NOW while the market is hot!

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Topic:
Real Estate Market Trends
Location:
Minnesota Washington County Woodbury
Tags:
woodbury real estate
woodbury housing market
woodbury luxury homes
luxury homes woodbury
selling woodbury homes

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Wade Hanson

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