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Monday I will be at our World Headquarters attending our Monthly Manager’s Meeting. I’ll be in the office all week after that. Don’t hesitate to call on me if I can be helpful. 832-797-1779
Greetings Friends:-) Here’s a quick what happened in June and what we feel will happen in July real estate market snap shot for #TheWoodlands.
Listing inventory remains steady and unalarming at 957 active For Sale Listings ranging from $152,000 to $9,000,000. Selection is excellent for buyers and competition is fierce among sellers.
June sales totaled 212 (all brokers combined), just shy of last June’s total of 249. I believe we can attribute this months mild disappointment to the horrendous flooding. We lost a week of normal activity as neighbors, friends and family recovered.
Months Supply Of Inventory (all price ranges) show that it’s a Seller’s Market with 5.6 months of inventory.
But don’t be fooled.
Real estate is hyper local, which means that Months Supply Of Inventory whipsaws wildly when you break it down by price range. For example, there is an 81 month supply of inventory over $3,000,000 and a mere 1.4 month supply of inventory below $200,000. It’s a buyer’s market in all ranges above $500,000.
Selection for buyers is super fab, mortgage rates are ridiculously low and it’s all systems go.
Competition among sellers is seriously fierce. Sellers have another 35 days or so left in the summer selling season. Once mid August arrives, buyer activity begins to dwindle. Now is the time to take action to position yourself for a sale in the next 35 days. Keep in mind that today, of the 957 active listings, 428 have had at least one price reduction. Take action now.
Thanks for you time and attention. If I can be helpful let me know. Cheers and all the super best.
Click HERE to view and download all the reports, then share far and wide.
Click HERE – The Woodlands Home Sales Report
Click HERE– The Spring 77386 Home Sales Report
Click HERE – The 77389 Homes Sales Report
Click HERE – The Magnolia 77354 Home Sales Report
Congratulations To Our June Top Performers and Thank You To All For Your Hard Work and Contribution To Our Team’s Success.
Click HERE to view and download the full June Top Performers Report.
Get Ready For This. Mark Your Calendar. Join US.
Thanks – Ken B.