The Woodlands Home Sales and Inventory Report | June/July 2019

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Click HERE to view/download/print Home Sales Market Reports.

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Buyer Activity and Sales = UP

Inventory and Selection Is Excellent

Low-Low-Low Mortgage Rates

• Strong Seller’s Market Below $500,000 
• June  Sales = UP 14.9%
• Year To Date Sales = UP 12.4 %
• Inventory and Selection Is Excellent
• Low-Low Mortgage Rates
• Seller, buyer and agent activity is brisk.  ShowingsAppointments and Open House activity is strong.  
• 1 in 3 new listings were placed Under Contract in 7 Days Or Less
• 6 in 10 new listings were placed Under Contract in 30 Days Or Less
• Average Days On Market before placed Under Contract = 40 Days
• Median Number Of Days On Market before placed Under Contract = 17 Days
• Median List Price placed Under Contract = $371,500
• Average List Price placed Under Contract = $493,146

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Q. Why is the market stronger than last year?

A. Our real estate market is fueled by a bundle of positive external stimulus factors. 

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). 
• Healthy selection.
• Excellent mortgage rates, the lowest since February 2018. 

All positive External Stimulus Factors are in place.  Our real estate market is healthy and gaining strength.

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Buyers. . .

• Selection and buying conditions are excellent. 
• It’s a Buyer’s Market above $500,000.
• It’s a keenly competitive Seller’s Market below $500,000.
• When you find what you love, move fast. 
• Mortgage rates are at their lowest in a year. 

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 Sellers. . .

• While market conditions are improved, 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.

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Real Estate Agents. . .

• This market will generate more opportunities to out-hustle and out-perform less committed amateurs and part-timers. When competition heats up, the weak wilt, the strong WIN.
• Winning requires close contact and communication, sharing, serving, solving and simplifying everything with everyone.
• Positive energy and perspective.
• 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 graphs and let me know if you have any questions or if I can be helpful📲

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