Community Real Estate Market

The Woodlands TX Real Estate – July 2015

The Woodlands TX real estate market continues to add inventory and written contracts are at stable price levels. Location, condition still determine activity.

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The Woodlands active listings july 2015
the woodlands real estate july 2015-image075
the woodlands real estate new active listings june 2015
The Woodlands TX real estate inventory of listings in July 2015 is up 48% compared to same period last year. Observation: possible mortgage rate increases in 2016 have the attention of local move-larger and move-smaller sellers.

the woodlands real estate july 2015 contracts
the woodlands real estate wrritten contracts june 2015
June 2015 written contracts in The Woodlands TX are down 13% from same period last year. Observation: effect of after-school vacations.

the woodlands real estate months of inventory july 2015
the woodlands real estate months of inventory july 2015
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 July 2015 real estate months of inventory is 4.4 months. Observation: a mixed market.

the woodlands real estate  days on market july 2015
the woodlands real estate days on market june 2015
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 49.1 days for the month of June 2015 indicates homes are selling at a slightly faster rate than the average of 50 for the first six months of 2015.

the woodlands real estate list price to sale price june 2015
the woodlands real estate list  price to sale price june 2015
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 June 2015 is 97.3 compared to 97.7 for the first six months of 2015. Observation: pricing is stable.

the woodlands real estate showings july 2015
the woodlands real estate showings june 2015
Centralized Showing Service coordinates 99% of the showings for active listings in The Woodlands TX. Combining their data with HAR data, each active listing in The Woodlands TX was visited by an average of 9.4 buyers during the month of June compared to an average of 11.8 for the first five months of 2015. Observation: same effect as Written Contracts, vacations.

the woodlands real estate july 2015-image086
If you prefer viewing the relationship between active listings and written contracts, this chart provides a two-year history for comparison.

In coming weeks, we will be discussing various list price ranges, including the favorite list price range for investors plus current activity within the gated neighborhoods. In the meantime, visit www.MicheleFlory.com for more information on The Woodlands TX real estate.

If you are searching for a home in The Woodlands TX 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 Pre-Listing and Coming Soon listings.

Marketing and Branding Manager for national, state, regional, & community recognized Realtor team, Michele Flory Real Estate Team.

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About the author

Greg Flory

Marketing and Branding Manager for national, state, regional, & community recognized Realtor team, Michele Flory Real Estate Team.