Here’s What’s Going On In The Woodlands Real Estate Market.
The Average List Price in The Woodlands = $796,139
The Average Under Contract Price this month = $453,022
The Median List Price in The Woodlands = $499,900
The Median Under Contract Price this month = $325,000
The reason for the big difference between the Average and Median Listing Prices and Under Contract Prices is that 168 of the 955 homes for sale are priced over $1,000,000. The highest priced home in The Woodlands is listed for $15,000,000 in Carlton Woods. A high number of high price homes skews the Average List Price numbers upward..
With 922 homes on the market, buyers are enjoying the best selection in years. Last year at this time there were 680 homes to choose from. While more selection is great for buyers, sellers face a more competitive market place.
155 listings have gone Under Contract this month. At this current velocity, October sales should top out at 184. Last October there were 197 sales. Sales will trail last Octobers slightly higher total by about 6.5%.
Overall it’s a positive market and will most likely close out as the third best year in the history of The Woodlands.
That’s the story friends – cheers:-)