It’s been a choppy year for sales. UP in February, steady in March and down in January, April, May and June. This months listings under contract slipped 16% compared to last June. Year-to-date, listings under contract are down 7.4%. Prices however are UP (See snap shot picture below.)
Due to the continued influx of corporate transferees, in the last half of this year we can expect more buyer activity. I believe that sales in the 2nd half will at mirror last year and quite possible pull ahead.
Selection Is Great For Buyers. Competition Is Fierce For Sellers.
The number or properties for sale in The Woodlands remains high.
For Buyers: Selection is the best it’s been in several years.
For Sellers: More inventory means more competition. Choosing the right agent is more important than ever. Take a look at this.
Buyer’s Market or Seller’s Market?
Are Home Prices Rising or Falling?
The Average Sold Price this June is $100,000 over last year! Median sold prices are up over $50,000.
Employment, construction, inbound corporate buyer activity and crystal ball gazing trend towards future more of the same going forward. Excellent selection for buyers. Fierce competition for sellers. Opportunity and danger for agents. Sales will trails last years and prices will ris at a more reasonable pace going forward.
In This Market Who Will Help A Seller The Most?
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The Whole Burrito.
Click HERE to download the full Home Sales Report for The Woodlands.
Click the picture below to view the report.