The Woodlands Texas Real Estate Report
Months Supply Of “For Sale” Listing Inventory – November 8th, 2010
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 below. To find out, contact me and I can provide you with an up to the minute, on-target, Months Supply Of Inventory report. We don’t charge for this service, so give me a call (832-797-1779) or email me, and I’ll send you your free report – pronto.
November 8th, 2010 – Months Supply Of For Sale Listing Inventory – The Woodlands TX
PRICE RANGE. . . . . . MONTHS SUPPLY OF LISTING INVENTORY
$000,000 – $200,000 . . . . . . . . . . . . . . . . . . . . 6.1
$200,001 – $300,000 . . . . . . . . . . . . . . . . . . . . 6.1
$300,001 – $400,000 . . . . . . . . . . . . . . . . . . . . 5.0
$400,001 – $500,000 . . . . . . . . . . . . . . . . . . . . 6.1
$500,001 – $600,000 . . . . . . . . . . . . . . . . . . . . 3.9
$600,001 – $700,000 . . . . . . . . . . . . . . . . . . . . 5.0
$700,001 – $800,000 . . . . . . . . . . . . . . . . . . . . 7.7
$800,001 – $900,000 . . . . . . . . . . . . . . . . . . . . 13.1
$900,001 – $1,000,000 . . . . . . . . . . . . . . . . . . 9.4
$1,000,001+ . . . . . . . . . . . . . . . . . . . . . . . . . . 17.1
Is it a Buyer’s Market or a Seller’s Market?
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 buyer’s market, less than six months, would indicate a seller’s market.
As we enter the winter selling season, For Sale Inventory begins to shrink, along with buyer activity. If you’re thinking of selling, keep in mind the keys to salability and competitive positioning is merchandising (staging), marketing and pricing. Correctly tweak and amplify these three factors and you’ll be one of the successful sellers attracting a qualified buyer. Ignore one, two, or three of these salability factors and the property will languish. Before you pick a list price for your property, watch this video.
Keep in mind, this snapshot provides a broad and general overview, what is happening in your neighborhood could very well be different. As I shared earlier, if you’d like a free and up to the minute Market Analysis for your property and neighborhood just let me know. Thanks.
