Woodstock Real Estate Market Update - January 2024

Woodstock Market Update - January 2024

Welcome to our concise January 2024 update on Woodstock's real estate market. Whether you're buying, selling, or investing, this snapshot offers valuable insights.

Active Listings: This month, we observed 133 active listings, a rise from last year's 108, indicating a more vibrant market.

Home Sales: Sales slightly dipped with 35 homes sold, compared to 40 last January. Year-to-date, we're on par with last year's figures, although below the 5-year average of 54.

New Listings: There's an uptick in new listings with 73 this month, up from last year's 63. This year's start is slightly above the 5-year average, suggesting a steady market entry rate.

Average Prices: Residential property prices climbed to $584,979, a growth from last year's $565,386, reflecting a robust demand.

Inventory & Market Time: The inventory stands at 3.80 months, higher than last year's 2.70, pointing towards a more balanced market. Homes are selling faster, with an average of 10 days on the market, a significant decrease from last year's 66 days.

In summary, Woodstock's market is showing healthy dynamics, with more options for buyers and favorable conditions for sellers. Prices are steadily increasing, making it a promising landscape for investors as well.

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