
The Woodlands Real Estate Market
The number of contracts for the month of January was 100. Both 2008 and 2007 started the year in the 150 range.
Reasons for the decline in number of contracts include buyers waiting for still lower interest rates, stimulus package incentives, and stricter lender appraisal criteria. In addition, we still have buyers waiting for a major reduction in prices based on continuous national media coverage. Finally, we have buyers unable to find their ideal home in the current inventory of active listings.
The median days-on-market for contract homes in January was 52.25. Compare this with the median days-on-market of all active listings of 75 days. The median list price of contracts in January was $260,850.
Tomorrow: Days-On-Market
No comments yet.