The Woodlands TX real estate market overall average inventory of listings in January 2015 is up 70% compared to same period last year.
December 2015 written contracts in The Woodlands is down 10% 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. 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. The Woodlands January 2015 real estate months of inventory is 2.5 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 53.5 days for the month of December indicates homes are selling at a faster rate than previous two months of 2014.
This chart compares the list price of a home to the actual sale price of the home. The Woodlands overall average for December 2015 is 97.
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 was visited by an average of 7 buyers during the month of December.
Visit www.MicheleFlory.com for more information on The Woodlands real estate.
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 Pocket Listings.