Click HERE To view/download/print/share the full market report info.
More Sales. Less Inventory. 2019 Is Off To A Positive Start And Gaining Forward Momentum.
Seller, buyer and agent activity is noticeably improved, solid and accelerating. Showings Appointments are way up. Open House visits are way up. Phones are buzzing. Email and texts are flying. Agents are walking fast. Requests for CMAs (Competitive Market Analysis) are rolling in and out. Sellers are working hard on preparing their property for sale(Here’s a Get Ready Checklist). All visible signs point to an active and healthy real estate market. It will be a busy spring and summer season.
January sales were UP 8.1%. February sales rose 10.8%.
The Average List Price of listing placed Under Contract in February was $526,696. Median List Price was $370,000. Average Days On Market = 62Days. Median Days On Market = 29.
It’s a very strong Seller’s Market below $500,000. At the time of this report there were only 3 listings priced below $200,000.
Listing Inventory is healthy dipping below 600 on occasion and bumping up and down between 600 and 620.
The Average List Price is $884, 384. The Median List Price is $525,000.
The Average Number Of Days On Market for unsold listings is 84 Days On Market. The Median Number Of Days On Market is 50.
It’s a strong Seller’s Market below $500,000. A strong Buyer’s Market above $1,500,000.
Historically, the spring season begins in March. Based on positive current conditions, listing inventory and sales will take a big step upward in March. All system GO, yea for all.
Why is the market stronger than last year?
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.
Buyers. . .
- Selection and buying conditions are excellent.
- It’s a Seller’s Market below $900,000 and a very competitive for buyers below $500,000. In this more active market, finds a steal is like spotting a unicorn.
- When you find what you love, move fast.
- Mortgage rates are at their lowest in a year↓
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.
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.
- If you want to position yourself to thrive in this rich market, we’d love to talk to you about how we’re making rich success happen for our All Pro Agents. Give me call, text or eMail📲 Ken Brand |Broker Sales Manager| 832-797-1779
Take a look at these and let me know if you have any questions or I can be helpful📲
Listing Inventory Month-By-Month.
2019 | Listings By Month and Price Range
2018 | Listings By Month and Price Range
Listings Placed Under Contract (Sales).
2019 Sales By Month and Price Range
2018 Sales By Month and Price Range
Months Supply Of Inventory By Price Range.
In Conclusion:
More Sales. Less Inventory. 2019 Is Off To A Positive Start And Gaining Forward Momentum.
Seller, buyer and agent activity is noticeably improved, solid and accelerating. Showings Appointments are way up. Open House visits are way up. Phones are buzzing. Email and texts are flying. Agents are walking fast. Requests for CMAs (Competitive Market Analysis) are rolling in and out. Sellers are working hard on preparing their property for sale. All visible signs point to an active and healthy real estate market. It will be a busy spring and summer season.
January sales were UP 8.1%. February sales rose 10.8%.
The Average List Price of listing placed Under Contract in February was $526,696. Median List Price was $370,000. Average Days On Market = 62Days. Median Days On Market = 29.
It’s a very strong Seller’s Market below $500,000. At the time of this report there were only 3 listings priced below $200,000.
Listing Inventory is healthy dipping below 600 on occasion and bumping up and down between 600 and 620.
The Average List Price is $884, 384. The Median List Price is $525,000.
The Average Number Of Days On Market for unsold listings is 84 Days On Market. The Median Number Of Days On Market is 50.
It’s a strong Seller’s Market below $500,000. A strong Buyer’s Market above $1,500,000.
Historically, the spring season begins in March. Based on positive current conditions, listing inventory and sales will take a big step upward in March. All system GO, yea for all.
Why is the market stronger than last year?
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.
Buyers. . .
- Selection and buying conditions are excellent.
- It’s a Seller’s Market below $900,000 and a very competitive for buyers below $500,000. In this more active market, finds a steal is like spotting a unicorn.
- When you find what you love, move fast.
- Mortgage rates are at their lowest in a year↓
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.
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 and let me know if you have any questions or I can be helpful📲
Click HERE To view/download/print/share the full market report info.
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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