Ben Sage, Moving Woodstock
Woodstock Ontario Residential Real Estate Market Update, January 2014
It’s time once again for the monthly market report for Woodstock Ontario. This is the January 2014 report, and will focus on the previous month, December 2013.
December of 2013 was a predictably slow month, with only 27 homes in Woodstock changing hands. This was down 15% from 31 sales for the same month last year.
The available inventory in Woodstock has also decreased to 200 units. This is down 9% from the same month last year.
In looking at the price-bracket trends, the upgrade opportunity continues for residents of Woodstock who are looking to sell their homes and upgrade to something of higher value. Lack of supply and consistent demand in homes under $250,000 is creating favorable conditions for sellers of those homes, while homes priced above $250,000 continue to show far more supply than demand.
Overall, the Woodstock market remains healthy, with 7.2 months of inventory available, which is consistent with a steady / balanced market.
As always, if you are wondering how this information affects the value of your home, please take advantage of the woodstockhomes.com free online market report for your home by filling out this form.
Happy new year, Woodstock!
I have been successful helping clients buy, sell, or lease residential, commercial, or investment properties in the Woodstock, Ontario area since August of 2007. With technical experience ... Read More...