Click HERE To view/download/print/share the full market report info.
BUYERS
Selection Remains Excellent.
Mortgage Rates On The Rise, Move Swiftly.
Below $500,000 = Seller’s Market.
Above $500,000 = Buyer’s Market.
SELLERS
Below $500,000 = Seller’s Market.
Above $500,000 = Buyer’s Market.
Talking Points
- There are 830 active listings to choose from. $169,00 to $7,000,000.
- There are only four properties for sale below $200,000.
- For Sale listing inventory is down 13% compared to last years selection at this time. This is positive news for sellers, less inventory means less competition between sellers.
- For buyers, less inventory means less selection and more competition between home buyers for prime properties.
- Average Days On Market for August active listings is 73 Days On Market. Up 5 days compared to July Days On Market.
- The Average Active List Price = $775,150
- The Median Active List Price = $489,000
- The Average List Price of properties placed Under Contract in July = $479,600
- The Median List Price of properties placed Under Contract in July = $400,000
- Important! Of the 213 sales in June, 52.6% sold in 31 days or less. 112/213
- Average Days On Market for listings placed Under Contract in April = 44 Days On Market.
- We expect steady showing appointment activity and Open House traffic through August.
In Conclusion:
Sellers: Competition among sellers remains fierce, especially in the Buyer’s Market of homes priced over $500,000.
We expect buyer activity to remain steady through September and begin to soften as we enter the fall and winter season.
52.6% of the listings that went under contract in July were on the market less than 31 days. New listing with excellent marketing and pricing position are selling fast. Especially under $500,000.
To become a successful seller in this market requires smart strategy and an All-In mentality. All-In for both the listing agent, and the seller.
Buyers: Selection remains excellent today, but will shrink as summer ebbs. Shrinking inventory brings shrinking selection. For Prime Properties, buyers should anticipate that competition between buyers for properties below $500,000 will remain strong.
Mortgage rates and monthly payments remain beautifully low, but on the rise. Motivated Sellers are eager to hear from you. It’s a safe and smart time to make your move. If you’re considering a move, the sooner the better.
Listing Inventory Month-By-Month.
2018 | Listings By Month and Price Range
2017 | Listings By Month and Price Range
Listings Placed Under Contract (Sales).
2018 Sales By Month and Price Range
2017 Sales By Month and Price Range
Months Supply Of Inventory By Price Range.
In Conclusion:
Sellers: Competition among sellers remains fierce, especially in the Buyer’s Market of homes priced over $500,000.
We expect buyer activity to remain steady through September and begin to soften as we enter the fall and winter season.
52.6% of the listings that went under contract in July were on the market less than 31 days. New listing with excellent marketing and pricing position are selling fast. Especially under $500,000.
To become a successful seller in this market requires smart strategy and an All-In mentality. All-In for both the listing agent, and the seller.
Buyers: Selection remains excellent today, but will shrink as summer ebbs. Shrinking inventory brings shrinking selection. For Prime Properties, buyers should anticipate that competition between buyers for properties below $500,000 will remain strong.
Mortgage rates and monthly payments remain beautifully low, but on the rise. Motivated Sellers are eager to hear from you. It’s a safe and smart time to make your move. If you’re considering a move, the sooner the better.
Click HERE To view/download/print/share the full market report info.
About ken@kenbrand.com
Ken is the General Sales Manager for The Woodlands Area Marketing Center for Better Home And Gardens Real Estate Gary Greene.
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Paradox. Surprise. Uncommon Sense. Irony. ELBs. Impressions. Observations. Less Blah Blah-More Ah-Ha.
If I can be helpful, call, text or eMail - Ken Brand | 832-797-1779 | Ken@KenBrand.com.
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