The Woodlands real estate market is a choppy sea of Up and down.
Down in January. Up in February. Steady in March. Down April, May and June. Up 19.7% in July and snapping downward 29.9% in August.
Year-To-Date listings placed under-contract lag last year’s impressive total by 9%. ( January – August = 2,077 in 2013 and 1,890 so far this year.)
The picture below shows demand/sales by price range.
Selection Is Great For Buyers. Competition Is Fierce For Sellers.
As we roll into fall and winter we can expect historical activity. Listing inventory inventory and buyer activity will ebb. When business ebbs, Pros pick up the pace. We’re Pros. It’s GO time.
For Buyers: Selection is the best it’s been in several years.
For Sellers: if ever there was time to adjust your competitive position in the market place, this is it. Right now.
Buyer’s Market or Seller’s Market?
August average and median sold prices dipped slightly compared to last year. Looking at sales by price range I believe the dipped numbers are due to fewer sales in the higher ranges, not falling values.
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.
The Whole Burrito.
Click HERE to download the full Home Sales Report for The Woodlands.
Click the picture below to view the report.