June Sales Surge Upward 24%. Inventory UP 11.4% | Home Sales Report – The Woodlands | July 2017

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Buyers: Smile. Selection Is Supreme.

Sellers: Get Your Game Face On.   Competition Remains Fierce.

  • Selection is supreme.  There are 1,066 homes to choose from.  Home range in price from $145,900 to $7,900,000 .
  • Inventory is UP 11.4% over last years total of 957.
  • Listing placed under contract in June were UP 24%.  Yea!
  • Listings placed under contract Year-To-Date are up 8.7%.
  • Between $300,000 and $400,000, and above $500,000, it’s a thick buyer’s market.  Great selection for buyers, fisticuff competitive for sellers.
  • Based on buyer activity, open house traffic and booked showing appointments we expect sales to remain steady over the next 60 days.
  • 49.4% of the 263 listings that went under contract in June were on the market 31 Days or less.
  • Average Days On Market for unsold listings is 74 Days. Average Days On Market for June listings placed Under Contract is 54 Days.
  • 47.7% of the active listings have had at least one price reduction (509/1066).

In Conclusion:

Sellers: Listing inventory likely peaked and selection will remain strong through October.  This means competition among sellers will remain fierce throughout the year.  On a positive note, while competition is keen, buyer activity is steady and stronger than last year.

To become a successful seller in this market requires smart strategy and an All-In mentality.  Marketing through staging, interior and exterior merchandising shine and  polish and attractive pricing position are all required.

Buyers: Selection is supreme and should remain so throughout the year. Mortgage rates and monthly payments remain beautifully low.  Motivated Sellers are eager to hear from you. It’s a safe and smart time to make your move.



Listing Inventory Month-By-Month.



Listing Inventory By Price Range.



Listings Placed Under Contract (Sales).



Listings Placed Under-Contract (Sales) By Price Range



Months Supply Of Inventory By Price Range.



In Conclusion:

Sellers: Listing inventory has peaked and selection will remain vast through October.  This means competition among sellers will remain fierce throughout the year.  While competition is keen, on the bright side, buyer activity is steady and stronger than last year. To become a successful seller in this market requires smart strategy and an All-In mentality.  Marketing through staging, interior and exterior merchandising shine and  polish and attractive pricing position are all required.

Buyers: Selection is supreme and should remain so throughout the year. Mortgage rates and monthly payments remain beautifully low.  Motivated Sellers are eager to hear from you. It’s a safe and smart time to make your move.



 Click HERE To view/download/print/share the full market report info.

If I can be helpful:-)

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