Thursday, November 10, 2011

What's Happening in Woodstock? November 2011

Hello again!

It's time for a market update. These statistics reflect Residential Real Estate Sales information (excluding condominiums) in Woodstock, Ontario. These statistics were generated using information from the Multiple Listing Service.

It looks like the Average Sale Price for a Residential property in Woodstock in October 2011 was $221,112, which is up from $214,230 in September of 2011, and up almost 11% over October of 2010!

Continued low interest rates, and lack of supply seem to be supporting values in Woodstock. 

This chart shows current Residential Listings, compared to Residential Homes Sold in Woodstock.  As of October 2011, Woodstock showed an Absorption Rate of 6.5 months (meaning at it's current inventory and sales levels, our market would run out of inventory in 6.5 months).

I hope you find this information useful and informative - if you have any questions about this or other Real Estate related matters, please feel free to contact me!

Ben Sage, Sales Representative. Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON

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