The Woodlands real estate market is a teeter-totter. Down in January. Up in February. Steady in March. Down April, May and June. Sales spiked skyward 19.7% in July.
Year-To-Date listings placed under-contract lag last year’s impressive total by a mere 3.4%, only 75 fewer sales. ( January – July = 1,804 in 2013 and 1729 so far this year.)
While unit sales lag a little, sold prices leap a lot. July’s Average-Sold-Price is an eye watering 24.5% higher than last year. $515,122 compared to $413,571.
The Median-Sold-Price is up 16.7%. $402,750 this July, $345,000 last July.
We expected continued strength in the market. Sold prices will stabilize as a result of historically high inventory/selection.
Selection Is Great For Buyers. Competition Is Fierce For Sellers.
The number or properties for sale in The Woodlands remains historically lofty at 947.
For Buyers: Selection is the best it’s been in several years.
For Sellers: More inventory means more competition. Choosing the right agent is more important than ever. Take a look at this.
Buyer’s Market or Seller’s Market?
Are Home Prices Rising or Falling?
The July Average Sold Price is $100,000 over last year! Median sold prices are up over $50,000.
Employment, construction, inbound corporate buyer activity, oil prices and crystal ball gazing suggest steady sales, sold prices moving upward at a slower pace and historically high levels of inventory.
Selection for buyers = locked in excellent-mode.
Competition for sellers remains fierce. Expect longer Days On Market and tough negotiations. Merchandising, presentation and Transmedia marketing are a must. Follow through and follow-up will be critical in moving from contract to closing.
In This Market Who Will Help A Seller The Most?
Congratulations on your excellence. I know our seller’s appreciate your efforts. Thanks for all you do.
The Whole Burrito.
Click HERE to download the full Home Sales Report for The Woodlands.
Click the picture below to view the report.