Click HERE To view/download/print/share the full market report info.
BUYERS
Make Your Move.
Selection Is Shrinking! Mortgage Rates On The Rise.
SELLERS
Selling Conditions Are Improving.
Talking Points
- There are 620 active listings to choose from. $165,000 to $7,850,000.
- For Sale listing inventory is down 37.3% compared to last years selection at this time. This is excellent news for sellers. Less inventory means less competition between sellers.
- For buyers, less inventory means less selection. Plus more competition between home buyers for prime properties.
- Average Days On Market for active listings 83 Days. Falling from 93 Day On Market in February.
- The Average Active List Price = $842,727
- The Median Active List Price = $539,950
- Average Days On Market for listings placed Under Contract in February = 54 Days On Market. Well marketed listings are selling faster and Average Days On Market are drifting steadily lower.
- The Average List Price of properties placed Under Contract in February = $501,263
- The Median List Price of properties placed Under Contract in February = $399,945
- We are experiencing strong showing appointment activity and impressive Open House traffic. As a result we expect the velocity of sales to surge into spring.
In Conclusion:
Sellers: Competition among sellers remains real. However, due to shrinking inventory, selling conditions are much improved over 2017. Especially in the under $700,000 price range. We expect buyer activity to accelerate through the spring and summer. We don’t anticipate spiking sales prices, we do anticipate properties selling faster.
To become a successful seller in this market requires smart strategy and an All-In mentality. All-In for the both. The listing agent and the seller.
Buyers: Selection remains excellent today, but not for long. Shrinking inventory brings shrinking selection. And for Prime Properties, more competition between buyers as we move into spring and summer.
Mortgage rates and monthly payments remain beautifully low, but on the rise. Motivated Sellers are eager to hear from you. It’s a safe and smart time to make your move. Competition among buyers will elevate as we enter spring and summer. If you’re considering a move, the sooner the better.
Listing Inventory Month-By-Month.
2018 | Listings By Month and Price Range
2017 | Listings By Month and Price Range
Listings Placed Under Contract (Sales).
2018 |Sales By Month and Price Range.
2017 |Sales By Month and Price Range.
Months Supply Of Inventory By Price Range.
In Conclusion:
Sellers: Competition among sellers remains real. However, due to shrinking inventory, selling conditions are much improved over 2017. Especially in the under $700,000 price range. We expect buyer activity to accelerate through the spring and summer. We don’t anticipate spiking sales prices, we do anticipate properties selling faster.
To become a successful seller in this market requires smart strategy and an All-In mentality. All-In for the both. The listing agent and the seller.
Buyers: Selection remains excellent today, but not for long. Shrinking inventory brings shrinking selection. And for Prime Properties, more competition between buyers as we move into spring and summer.
Mortgage rates and monthly payments remain beautifully low, but on the rise. Motivated Sellers are eager to hear from you. It’s a safe and smart time to make your move. Competition among buyers will elevate as we enter spring and summer. If you’re considering a move, the sooner the better.
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.
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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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