Click HERE To view/download/print/share the full market report info.
BUYERS
Smile. Selection Is Supreme! But Shrinking.
SELLERS
Competition Remains Brass-Knuckles Fierce. Especially Above $700,000. Conditions Are Slowly Improving.
Talking Points
- There are 800 active listings to choose from. Properties prices range from $150,000 to $7,850,000.
- Inventory is down 5.4% compared to last years selection at this time. [800/846]
- Listings placed under contract in October were UP 9.7%. Yea! [169/154]
- Listings placed under contract Year-To-Date are UP 6.6%. [2,140/2,007]
- Above $700,000 it’s a thick buyers market with great selection for buyers, fisticuff competition for sellers.
- Based on buyer activity, open house traffic and booked showing appointments, expect sales to remain steady through January and better than last year.
- 49% of the properties sold in October were on the market less the 31 days. [71/169]
- Average Days On Market for unsold listings is 86 Days.
In Conclusion:
Sellers: Competition among sellers remains fierce. On a positive note, buyer activity remains steady and listing inventory is slowly shrinking. Conditions for sellers are improving.
To become a successful seller in this market requires smart strategy and an All-In mentality. Better-than-your-competition marketing/positioning, through staging, interior and exterior merchandising shine and polish and attractive pricing position, are all required.
Buyers: Selection remains supreme and should remain so throughout the year. Mortgage rates and monthly payments remain beautifully low. Motivated Sellers are eager to hear from you. It’s a safe and smart time to make your move.
Listing Inventory Month-By-Month.
Listings By Month and Price Range.
Listings Placed Under Contract (Sales).
Sales By Month and Price Range.
Months Supply Of Inventory By Price Range.
In Conclusion:
Sellers: Listing inventory remains solid and selection (selection = competition) will remain vast through December. This means competition among sellers will remain fierce throughout the year.
While competition is keen, on the bright side, buyer activity is steady and stronger than last year. To become a successful seller in this market requires smart strategy and an All-In mentality. Marketing/positioning through staging, interior and exterior merchandising shine and polish, and attractive pricing position are all required.
Buyers: Selection is supreme and should remain so throughout the year. Mortgage rates and monthly payments remain beautifully low. Motivated Sellers are eager to hear from you. It’s a safe and smart time to make your move.
Click HERE To view/download/print/share the full market report info.
If I can be helpful:-)
Ken Brand | 832-797-1779 | Ken@KenBrand.com
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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