The Woodlands Home Sales and Inventory Market Report | March 2020

The Woodlands Homes Sales Report | March 2020

CLICK HERE to view/download/print/share the March Market Report

• Strong Seller’s Market Below $700,000
• Seller’s Market Below $900,000
• March Listings Inventory Down 10% From March 2019
• Low-Low Mortgage Rates Means More Buyer Power

• Average Days On Market before placed Under Contract = 53 Days | DOM dropped 19 days from February DOM.
• Median Number Of Days On Market before placed Under Contract = 23 Days | DOM dropped 51 days from February DOM

• Median List Price placed Under Contract = $409,000
• Median List Price For Sale = $607,495

• Average List Price placed Under Contract = $520,306
• Average List Price For Sale = $1,011,327

Q. Why Is It A Strong Seller’s Market  

Our real estate market is fueled by a bundle of positive external stimulus factors like:

• Positive economic growth.  
• Job growth and low unemployment.
• Stable oil prices.
• Positive consumer confidence.
• Corporate-relocation moving people in and out (like an Exxon/Mobil). 
• Low for sale inventory.
• Excellent mortgage rates in the historically low 3% range. 

All positive External Stimulus Factors are in place.  Our real estate market is healthy, steady and strong.

Sellers. . .

• While market conditions below $900,000 are strong, no matter the price, one fact remains, half-hearted selling-efforts will fall flat-faced.
• Supreme interior and exterior merchandising is a must. (Here’s a Checklist)
• Quality and reach in your marketing and promotional strategy is more important than ever. 
• Give-It-Away pricing is not required!  Competitive pricing is.
• More and more, serious sellers are matched with serious buyers every day.

Buyers. . . It’s a STRONG Seller’s Market below $900,000 and keenly competitive. When you find what you love, move fast. 

Mortgage rates are at their lowest in years = More Home – Lower Payments!

Real Estate Agents. . .

• All market factors position the market for record-breaking transaction volume and opportunity.  Good news, our market is rich with opportunity.  Rich opportunity brings hyper-competition.  Rich success requires us to out-hustle and out-perform less committed amateurs and part-timers. 
• Winning requires close contact and communication, sharing, serving, solving and simplifying everything for everyone you know.
• Positive energy and perspective is a must.
• No matter what, always keep those promises. To others and yourself.
• Confidence and a bias towards swift and consistent execution WINS.  
• Basically you need to be All In.  The good news is, in this market, your winning efforts will be rewarded.

Take a look at these and let me know if you have any questions or if I can be helpful📲

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