The Woodlands Real Estate Report
Buyers or Sellers — Who Rules According To Months Supply Of Inventory?
According to real estate economists, 6 months supply of For Sale Inventory represents a balanced market. A higher number means it’s leaning towards a buyers market, less of course would be a sellers market.
Here’s the thing, these numbers represent big averages across The Woodlands. Real estate is hyper local in nature. Market conditions for your specific property, in your specific neighborhood may be different that the big average you see below. To find out, contact a Realtor Icon and have them run an up to the minute, on-target market report for you.
December 7th, 2009 – Months Supply Of For Sale Listing Inventory – The Woodlands TX
PRICE RANGE. . . . . . MONTHS SUPPLY OF LISTING INVENTORY
$000,000 – $200,000 . . . . . . . . . . . . . . . . . . . . 3.4
$200,001 – $300,000 . . . . . . . . . . . . . . . . . . . . 3.1
$300,001 – $400,000 . . . . . . . . . . . . . . . . . . . . 4.6
$400,001 – $500,000 . . . . . . . . . . . . . . . . . . . . 6.3
$500,001 – $600,000 . . . . . . . . . . . . . . . . . . . . 5.4
$600,001 – $700,000 . . . . . . . . . . . . . . . . . . . . 5.5
$700,001 – $800,000 . . . . . . . . . . . . . . . . . . . . 9.8
$800,001 – $900,000 . . . . . . . . . . . . . . . . . . . . 8.3
$900,001 – $1,000,000 . . . . . . . . . . . . . . . . . . 15.0
$1,000,001+ . . . . . . . . . . . . . . . . . . . . . . . . . . 21.0
What’s It Mean?
6 months supply represents a balanced market. A higher number means it’s leaning towards a buyers market, less of course would be a sellers market. Things that affect salability and competitive positioning of the property include, marketing, merchandising/staging/presentation and pricing. Tweak and amplify those three factors and you’ll be one of the successful sellers attracting a qualified buyer. Ignore one; two or three of the salability factors and the property will languish. Before you pick a list price for your property, watch this video.
Keep in mind; while this snapshot provides a more refined picture, what is happening in your neighborhood could very well be different. (Months Supply Of For Sale Inventory is how long it would take for the current For Sale inventory to sell if no new inventory came on the market and the velocity of sales remained the same.)
Let us know if we can help you.
