By Michele Flory. The Woodlands real estate market for the $200,000 to $300,000 list price range remains active as investors continue to dominate the buyer pool. Homes in a good location in good condition are still receiving multiple offers. Showed a listing in this price range last week to a client down-sizing. The home was in good condition with zero upgrades, funky floor-plan, and tiny swing-in garage. Second day on market with already two offers!
Inventory of homes for sale in this list price range is 40% lower than same period last year. Written contracts are up 19% YTD. Days on market before receiving a contract is 24 days for September versus The Woodlands overall 55.8 days. List price to sale price ratio is 99%! Months of inventory is 0.6 months in October (slightly over two weeks). Buyer visits to each listing in September averaged 25.8 versus overall 15.2….lots of foot traffic!
Visit MicheleFlory.com for detailed information on all list price ranges in The Woodlands.