The Woodlands Real Estate Market REport – May-June 2013

The Woodlands Texas Real Estate Report

Months Supply Of “For Sale” Listing Inventory – June 8th, 2013

Q. Is it a Seller’s Market?  A. Yes.

According to real estate economists a six-month supply of For Sale Inventory represents a balanced market.  Over six months of For Sale Inventory indicates a buyer’s market.  Less than six months of inventory in considered a seller’s market.  As we can see from these inventory numbers below we are locked into a Hercules strong seller’s market  Here’s a break down by price.

PRICE RANGE.  .  .  .  .  . .  .  .  .  .  .  .  .  .  MONTHS SUPPLY OF LISTING INVENTORY 

$000,000 – $200,000 . . . . . . . . . . . . . . . . . . . .   .08

$200,001 – $300,000 . . . . . . . . . . . . . . . . . . . .   .08

$300,001 – $400,000 . . . . . . . . . . . . . . . . . . . .   2.1

$400,001 – $500,000 . . . . . . . . . . . . . . . . . . . .   2.7

$500,001 – $600,000 . . . . . . . . . . . . . . . . . . . .   3.0

$600,001 – $700,000 . . . . . . . . . . . . . . . . . . . .   2.6

$700,001 – $800,000 . . . . . . . . . . . . . . . . . . . .   3.1

$800,001 – $900,000 . . . . . . . . . . . . . . . . . . . .   3.4

$900,001 – $1,000,000 . . . . . . . . . . . . . . . . . . .  4.9

$1,000,001+ . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.2

What does this mean?

For buyers: When you find something you love, don’t hesitate to submit an offer.  If you snooze you lose out.  Click HERE for some tips on how to find and buy  a home in a blazing hot seller’s market. 

For sellers:  If you were thinking of selling, due to lack of inventory and an abundance of qualified buyers, now is a safe and opportune time to sell. Three key factors that impact salability are merchandising (staging), massive broadcast marketing and savvy pricing. Choose the best broker to help you position your property aggressively in today’s market and you’ll sell your property for HIGHEST possible price and the BEST possible terms. Ignore these salability factors even in a strong seller’s market the property will languish unsold.  Click Here for tips on how to maximize your profits when selling in a Seller’s Market.

Closing thoughts.

While mulling over these inventory numbers, keep in mind these figures represent big averages across The Woodlands.  Real estate is hyper local in nature and market conditions for your specific property, in your specific neighborhood may be different that the big average you see above.  To find out what’s happening in your neighborhood, contact us and we’ll provide you with an up to the minute, on-target Months Supply of Inventory report.  Give us a call at 281-367-3531 and we’ll send you your free report – pronto.

2013 Listing Inventory Month to Month The Woodlands 2013 Under Contract Month to Month The Woodlands

If you’d like to look at the full Real Estate Report for The Woodlands TX including a two year history of Months Supply Of Inventory, Average Days On Market, Average Price Per Square Foot, Average and Median Sold Prices Click HERE.

Let me know if I can be helpful – Ken Brand 832-797-1779.