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March 3, 2020 by ken@kenbrand.com

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📲

About ken@kenbrand.com

Ken is the General Sales Manager for The Woodlands Area Marketing Center for Better Home And Gardens Real Estate Gary Greene.
_____________________________
Paradox. Surprise. Uncommon Sense. Irony. ELBs. Impressions. Observations. Less Blah Blah-More Ah-Ha.

If I can be helpful, call, text or eMail - Ken Brand | 832-797-1779 | Ken@KenBrand.com.

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Filed Under: Mastery In Real Estate, Members, Real Estate Market Reports

About ken@kenbrand.com

Ken is the General Sales Manager for The Woodlands Area Marketing Center for Better Home And Gardens Real Estate Gary Greene.
_____________________________
Paradox. Surprise. Uncommon Sense. Irony. ELBs. Impressions. Observations. Less Blah Blah-More Ah-Ha.

If I can be helpful, call, text or eMail - Ken Brand | 832-797-1779 | Ken@KenBrand.com.

Linsey Ehle

Linsey is the Sales Manager at Better Homes & Gardens|Gary Greene in The Woodlands and Magnolia markets. Previously a broker/owner in Southern California, as well as a coach for Tom Ferry, Linsey is here to support the careers of both new and seasoned agents. Whether the goal is to launch a successful real estate career, increase production, or help agents create efficiencies, Linsey is committed to helping the Gary Greene team achieve their individual objectives.

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