It’s been a choppy year for sales. UP in February, steady in March and down in January, April, May and June. This months listings under contract slipped 16% compared to last June. Year-to-date, listings under contract are down 7.4%. Prices however are UP (See snap shot picture below.)
As we can see from the picture above, historically sales across The Woodlands begin to slow in June and shrink through the fall and into the winter. This means we will have to match the slow down with a speed up in hard work, smart execution and consistent contact.
The last half of this year may deliver more opportunity this year than last. Due to the continued influx of corporate transferees, in the last half of this year we can expect more buyer activity. Of course the key to victory is action and activity. Let’s be active.
Selection Is Great For Buyers. Competition Is Fierce For Sellers.
The number or properties for sale in The Woodlands remains high.
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.
For Agents: These juiced levels of listing inventory make the market a destiny-accelerator. If an agent has no listing inventory and no listing prospects, their destiny is set. A market with slim sales and fat inventory will suffocate the listless.
On the other hand, agents with listing inventory will thrive. Be a lister. Be active. Be positive. Work hard. Work smart.
Let Linsey or I know if we can be helpful.
Buyer’s Market or Seller’s Market?
Are Home Prices Rising or Falling?
The Average Sold Price this June is $100,000 over last year! Median sold prices are up over $50,000.
Employment, construction, inbound corporate buyer activity and crystal ball gazing trend towards future more of the same going forward. Excellent selection for buyers. Fierce competition for sellers. Opportunity and danger for agents. Sales will trails last years and prices will ris at a more reasonable pace going forward.
In This Market Who Will Help A Seller The Most?
Congratulations on our excellence. I know our seller’s appreciate your efforts.
The Whole Burrito.
Click HERE to download the full Home Sales Report for The Woodlands.
Click the picture below to view the report.