The Woodlands TX real estate inventory of listings in March 2015 is up 200% compared to same period last year. February 2015 written contracts in The Woodlands is down 7% from same period last year.
Months of inventory is defined by the National Association of Realtors as current inventory divided by the average number of monthly sales for the previous 12 months. An inventory above six is defined as a buyer’s market; a number below 6 is defined as a seller’s market. Six months is defined as a balanced market. The Woodlands TX March 2015 real estate months of inventory is 2.8 months.
Days on market is defined as number of days from list date to contract date. This category always lags one month since it is based on contract activity. The 79.3 days for the month of February 2015 indicates homes are selling at a slower rate than the average of the last two months of 2014.
The List Price versus Sale Price chart compares the list price of a home to the actual sale price of the home. The Woodlands TX overall average for February 2015 is 96.8.
Centralized Showing Service coordinates 99% of the showings for active listings in The Woodlands. Combining their data with HAR data, each active listing in The Woodlands TX was visited by an average of 11.3 buyers during the month of February versus 7 during the month of December 2014.
If you are searching for a home in The Woodlands and noticing that new listings are changed from Active to Pending or Sold within the same hour or day, we should discuss the topic of Coming Soon listings.