Sales Down. Listings Up. Competition UP. Effort Required UP.
It’s been a wonky year for sales. Sales were UP in February, steady in March and down in January and April. This months listings under contract slipped 8.3% compared to last May.
As we can see from the picture above, historically sales across The Woodlands begin to slow in June and continue to wilt through the fall and into the winter. This means we will have to match the slow down with a speed up in hard work, smart execution and consistent contact.
The good news is, due to the continued influx of corporate transferees, in the last half of this year we can expect more buyer activity and more opportunities than normal. Of course the key to victory is action and activity. Let’s be active.
Listing Inventory Is Steady. Selection Is Great.
The number or properties for sale in The Woodlands remains steady.
For buyers, the selection to choose from is the best it’s been in several years.
For agents, these levels of listing inventory make the market a destiny-accelerator. If an agent has no listing inventory and no listing prospects, their destiny is set, they will fail faster. A market with slipped sales and big inventory will drown the listless.
On the other hand, agents with listing inventory will thrive and survive. Be a lister. Be active. Be positive. Work hard. Work smart. Let Linsey or I know if we can be helpful.
Buyer’s Market or Seller’s Market
Are Home Prices Rising or Falling?
Average Sold and Median prices are greater this year than last. Due to slower sales and higher inventory the rate of appreciation has cooled compared to the record levels of activity in 2013. Employment, construction, inbound corporate buyer activity and crystal ball gazing all influence a continued positive trend towards slowly rising prices. Not a sizzling jump like we say in 2013, more like a steady-eddy upward climb.
The Whole Chipotle Burrito.
Click HERE to download the full Home Sales Report for The Woodlands.
Click the picture below to view the report.
If you have any questions or I can be helpful, please call, text for eMail me.
Ken Brand | 832-797-1779 | Ken@KenBrand.com