September ends with a bang! 51 closings took place last week as buyers look to settle their housing need before winter settles in. Inventory shrunk slightly again and pending sales kept pace with new listings as interest rates settle in the 4.25 % range for a 30 yr fixed rate home loan (bankrate.com). We will be watching for the pending numbers to build as the month of October continues while inventory slowly declines. The only major issue tied to real estate closings since the federal Govt. shutdown is related to the 4506-T filing. This is a federal income tax document that allows banks to verify borrower's incomes compared to tax filings. Several lenders have wived this requirement which is typically a requirement for FHA and Conventional Mortgages.
The stats for the Woodbury Real Estate Market in the previous week
• New listings in Woodbury continue with 34 homes hitting the market
Find out what's happening in Woodburyfor free with the latest updates from Patch.
• Pending properties add 30 sales, with month end closings we have 140 pending homes
• Overall inventory falls to 292 homes for sale... 53 have offers in contingency status!
Find out what's happening in Woodburyfor free with the latest updates from Patch.
Click to view the current inventory of Woodbury Homes For Sale, or a list of the New Listings in Woodbury Minnesota!
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.
