Woodstock October Update 2012

Important Statistics That Your Realtor Needs to Share with YOU and know!

What happened to “Residential” Sales in “Woodstock” in 2012?

As of October 31, 2012 the average house price rose 1% to $220,255 over the previous year’s 10 month average of $218,609.

Unit Sales have decreased 4.3% from 2011. Units are 463 compared to 484 for the same time period last year.

The inventory of homes for sale is off 21% compared to 2011. 222 homes for sale compared to 281 last year.  Prices will hold.

The average time it takes to sell a home currently sits at 68 days down from 119 days in October 2011.

The average “Sales to List” ratio for Woodstock specifically currently sits at 61% for the Board jurisdiction.  This also means that 39% of all homes in this area don’t sell, they expire!

It is important to be Listed and ready to sell during the peak period of March through May, 2011. 

Average Woodstock Monthly Sales for your specific area:

Month                  2011           2012          2 Yr Avg.

January                 29               30               29.5

February             38                45               41.5

March                   60                56               58

April                     52                53               52.5

May                     51                41               46

Average days on market in spring averages around 90 days