Woodbury Real Estate Market - View Woodbury Real Estate Market Trends in Minnesota

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Woodbury. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 651-307-4020 or visit our website at http://www.AskTheAndersons.com
Average Home Price	$200,000 - View Graph Trend

Average Price Compared to Last Year	Down 15-20%

Average Time on Market	More than 120 days

Best Selling Price Range	$200,000 - $249,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	Decreasing

Market Trend	Increasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Woodbury is	Increasing

Seller Activity for the past 90 days in Woodbury is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	Multiple offer situations are happening in cases where the home is priced correctly for the market and the home is in great condition.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	40-45%

Is Financing Available For Qualified Buyers?	Yes

Housing Inventory	Good supply - Some Prices

Inventory Comments	This information covers the 13 county Twin Cities Metro Area. The spring market is heating up as the federal tax credit deadline draws near. The Twin Cities housing market saw some resurgence in several metrics for the week ending March 13. Pending sales were where the real action was. The magical '1,000' barrier was finally broken for the first time this spring with 1,027 purchase agreements signed for the week. This was an improvement in the year-over-year figures by 18.0 percent. The 2,110 new listings were slightly down from the previous week's high, but they still outpaced 2009 numbers at this time by 17.9 percent. The number of active listings slowly continues its upward mobility. There were 24,524 homes available on the market for the week ending March 22. This is still below last year, but as the graph on page 4 shows, active listings are getting closer and closer to where they were during the spring of 2009.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates creates a perfect time to buy in Woodbury!

Nearest Metro Area	Minneapolis-St. Paul

Housing Hot Spots	Most cities within the Washington County area are considered 'Housing Hotspots'

Average Sold Price	$200,000 - View Graph Trend

Woodbury Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

Click here for full article...

Contact Information