Woodbury, MN Housing Market Update

By
Real Estate Agent with RE/MAX Results

There is some terrific news that has come out of the housing market in 2015!

 

  • Woodbury closed sales are up 21%!  There is currently only a 3 months supply of inventory of homes on the market.

 

  • Overall in the Twin Cities closed sales are up 17% with a 4 months supply of inventory currently on the market.

 

Woodbury’s average sale price is $305,000 compared to the overall Twin Cities average sale price of $261,000.

 

Maybe the best news for homeowners is that buyers are buying previously owned homes again!

 

Take a look at these stats:

 

  • Woodbury 2015 = 982 closed sales YTD - 40 were new construction
  • Woodbury 2014 = 861 closed sales during this same time last year - 86 were new construction.

 

How about the luxury market?

 

Woodbury Home Sales Over $650,000

 

  • 2015 = 26 sales – 7 new construction
  • 2014 = 20 sales – 6 new construction
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Wade Hanson

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