The Woodlands Monthly Real Estate Market update is available on this blog at under the Market Data heading. Two new categories have been added to the chart; a breakdown of both Active Listings and New Contracts Written as a percentage of totals.
For the month of May, projected written contracts will be up 29% over same month last year. Monthly written contracts have exceeded prior year monthly since January 2005.
For the month of May, available listing inventory is down 28% from same month previous year. The listing inventory compared to same month prior year began to decline in July 2005.
What does this mean? If you are considering listing your home for sale, now is the time to become a high profit homeseller! If you are buying a home, do not procrastinate too long before making an offer!
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