The Woodlands real estate discussion continues with homes in the $700,000 to $800,000 list price range.
Homes for sale in this list price range are down 44% from same period previous year.
The map above defines the location of twenty homes for sale in this list price range as of today.
This list price range averages 4 new listings monthly. Compare this to 7 YTD average monthly contracts.
Sales (contracts) are up significantly compared to same period last year in this list price range. Again, sales would be much higher if we had more available homes for sale in The Woodlands
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. Although at 92 days for the month of October compared to an overall of 49 days on market, this list price range is trending lower with a ten-month average of 78.3 days
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 is 3.6; slightly higher than overall market 2.5 months.
This category offers a reality-check on list prices versus actual sale prices. The list price comes from the HAR MLS listing data information available to the public. The actual sale data comes from the executed contract documents and provided to broker/agent members of HAR. If the list price sale price percentage exceeds the average for the respective list price range, the home might have been priced higher to reflect location, condition, and upgrade advantages. The average of 96% in this list price range is slightly lower than The Woodlands real estate overall market 97%.
Centralized Showing Service coordinates 98% of the potential buyer visits in The Woodlands real estate market. Based on their data, buyer visits in this list price range during the month of October exceeded same month last two years.
If you can’t wait for the next list price range posting, visit Market Reports for information on all list price ranges.
If you would like information specific to your home or your neighborhood, contact me.