Health & Fitness
Mortgage rate increases will limit purchasing power.
A 1% rate increase will force you down closer to $200,000 or an average of 100 square feet less and 1/2 as many options on the market in Woodbury.
The rates went up almost 500 basis points in 3 weeks compared to around 600 basis points in 10 months. With that rapid of an acceleration things are expected to settle here in the low 4% to 4.25% through the fall.
The stats for the Woodbury Real Estate Market in the previous week:
• New listings in Woodbury continue with 52 homes hitting the market
Find out what's happening in Woodburyfor free with the latest updates from Patch.
• Pending properties add another 34 sales, we now have 220 pending homes
• Overall inventory offers 309 homes for sale
Find out what's happening in Woodburyfor free with the latest updates from Patch.
When adjusted for seasonality and compared to 2012 for the month of May 2013:
• Median Sales Price is up 10% to $249,950
• Days on Market is down to 84 days on market
• Percent of original list price received went up to 96.4%
• Months supply of inventory in Woodbury is down to 3.2 months *SELLERS MARKET*
To view the current inventory of Woodbury Homes For Sale, Or Woodbury Foreclosure Property please use this link:
Information is gathered from the Northstar Multiple Listing System and "InfoSparks"
Good luck and happy home selling!
Matthew Johnson
Licensed in both Minnesota and Wisconsin, The Johnson Real Estate Group serves; Woodbury, Oakdale, Cottage Grove, and the entire Twin Cities Area including Western Wisconsin! We are dedicated to providing a superior experience when buying or selling your Twin Cities home! Contact us at www.mattjrealtor.com to find out more.
