Optimism Sprouts For Hard Working Pros
We’ve been predicting that the rise and alleged stability of oil prices would shove sales in the last quarter of this year into positive territory when compared to last year.
Because last year at this time, oil prices began to swoon and then plunged, along with consumer confidence, into the $20’s by January 2016.
Our local home sales swooned and then plunged along with oil prices. Sales activity has been tepid all year. Because oil prices have stabilized, home sales are beginning to normalize and bounce back.
Stable oil prices instead of plunging oil prices improves consumer confidence. Home sales this August soared UP 30.4% over last August. We can anticipate improvement (compared to last year) throughout the rest of the year and into the first quarter of 2017. Hard work will be rewarded. Now is the time to be touching base with everyone you know. The first quarter of 2017 will be busy for hardworking Pros, and the last quarter of this year will be better than last year. Yea!
Listing inventory dipped just a bit. This is a neutral factor at this time.
Here’s some Months Supply Of Inventory, Active Listing Inventory and Contracts Written detail by Price Range. The most important thing to note, sellers and listing agents with properties priced over $500,000 are locked into a firm Buyer’s Market.
To view or download all of The Woodlands Market Reports – CLICK HERE.
Thanks for all you do. If I can be helpful, call, text, eMail or see me:-)
Ken@KenBrand.com | 832-797-1779