Our inventory continues a slight uptick beginning in July to the current August level of 341 active listings. Pristine listings are still receiving over-list multiple offers in specific price ranges.
Sales have moderated from the May and June pace, but still at three-year high for August. YTD sales are 15% higher than same time last year. Days-on-market is the number of days from listing to contract. This number continues at three-year low of 48.3.
The ratio of list price to actual sale price for homes in The Woodlands has declined slightly to 97.6% from 98.1% last month, but still higher than 97.2% at this time 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. A month’s of inventory above six is defined as a buyer’s market; a number below six is defined as a seller’s market. Six months is defined as a balanced market. The average Months of Inventory in The Woodlands as of August 1 is 2.0 monthly
Overall, The Woodlands real estate market continues to be the envy of everyone outside our community.
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