April/May Home Sales Report for The Woodlands TX.

Buyers Rejoice. Yea.

Sellers. Go Saddle-Up Serious. Or Become Saddle-Sore.

  • Selection for buyers is Supreme. Inventory is up 21.2% over last years total of 875.
  • Sales Year-To-Date are up a flea sized 2.8%.  April listing placed under contract were down 5%.
  • Above $400,000 it’s a solid buyer’s market above and knife-fight competitive for sellers.
  • Based on buyer/agent activity and booked showing appointments we expect so-so-steady sales to grow marginally above last year’s May, June and July totals. (All brokers combined.)
  • 59% of the 269 listings that went under contract in April were listed below $400,000 (160/269).
  • 60% of the 269 listings that went under contract in April were on the market 30 Days or less (162/269).
  • Average Days On Market for unsold listings is 74 Days.
  • 458 (43%) of the 1061 active listings have had at least one price reduction.

Selection is the best in several years.  Buyers are enjoying a strong buyers market above $400,000.

So-So Steady Sales.

Collective Year-To-Date sales are so-s0-steady, UP a scant 2.8% for the year.  April sales trailed last year’s April total by 5%, .

Based on the velocity of agent/buyer activity and daily booked showing appointments, we expect collective sales totals for May, June and July will rise above last year’s unimpressive totals.  Sales will remain so-so-steady. Competition among sellers will remain bare-knuckle competitive.

Buyer’s Market Bear Hug Above $400,000.

If I can be helpful:-)

Ken Brand | 832-797-1779 | Ken@KenBrand.com