The Woodlands real estate market is incredibly active this year. Inventory of available homes are 36% lower than same period last year and written contracts are setting new record levels.
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Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.
Please to view the MARCH-2012 Newsletter Housing Trends eNewsletter.
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One of our seller clients recently asked if data was available to compare the number of times a home was visited by a prospective buyer with number of contracts written. Here are the results based on data from our MLS system and Centralized Showing Service.
Now....we have the challenge of interpretation! Were the buyers of homes in the $1 million+ and $500 - $600,000 price ranges more serious OR were the inventory levels higher in these price ranges relative to the number of buyers? This is a chart that should probably be displayed as year-to-date averages rather than a single month. What do you think?
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WOW! A significant jump in the number of contracts in the month of March. Our contract totals would have been greater if more homes were available for sale; note in the first chart the continued low level of listings while contracts spiked.
Multiple offers are becoming common on available homes in a good location, updated, and market priced.
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