The Woodlands real estate inventory of homes in this list price range is down 72% from same period last year. The Woodlands overall average inventory of listings is down 54% for same period.
Majority of available homes in this list price range are located in The Woodlands Villages of Alden Bridge and Cochrans Crossing.
YTD written contracts in this list price range is up 30% compared to The Woodlands overall average of +20%. This list price range is the “sweet spot” for investors. Updated homes listed in this list price range in a good location are receiving multiple offers; often over list price!
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. A months of 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. Months of inventory in this list price range as of today is 0.4; significantly lower than The Woodlands current real estate overall market 1.8 months. This translates to only two weeks of inventory; lowest of all list price ranges.
Days on market is defined as number of days from list date to contract date. This category alwayslags one month since it is based on contract activity. At 24 days for the month of March compared to an overall market of 87.8 days on market.
This chart compares the list price of a home to the actual sale price of the home. The average percentage for March was 99.0 compared to The Woodlands overall average of 97.1. Expected to equal or exceed 100% in coming months due to over-list purchases.
Centralized Showing Service coordinates 99% of the showings for active listings in The Woodlands. Combining their data with HAR data, each active listing in this list price range was visited by an average of 37.7 buyers during the month of March versus The Woodlands overall average of 25.1 buyer visits.
Visit Michele Flory for more information on The Woodlands real estate.
If you are considering selling your home, we would welcome the opportunity to discuss several of our unique marketing options to maximize the value of your home. If you are searching for a home in The Woodlands in this list price range 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 Pocket Listings.