The Woodlands Home Sales Report | February 2018

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BUYERS

Make Your Move. Selection Is Strong!  But Not For Long.


SELLERS

Selling Conditions Are Improving.


Talking Points

  • There are 591 active listings to choose from.  $189,900 to $7,850,000.
  • For Sale listing inventory is down 28.7% compared to last years selection at this time. This is excellent news for sellers. Less inventory means less competition between sellers.
  • For buyers, less inventory means less selection.  Plus more competition between home buyers for prime properties.
  • Listings placed under contract in January  were UP 16% from the December.  Down 13.7% from the January 2017 total.
  • While there were fewer sales in January than last year, because listing inventory is down 28.7%, the real estate market is becoming better for sellers and more competitive for home buyers.
  • Average Days On Market for active listings  = 93 Days On Market
  • Average Days On Market for listing placed under contract in December = 68 Days On Market.  Well marketed listings are selling faster and Average Days On Market are drifting steadily lower.
  • We are experiencing strong showing appointment activity and impressive Open House traffic.  As a result we expect the velocity of sales to improve over the next thirty days and surge into spring.

In Conclusion:

Sellers: Competition among sellers remains real. However, due to shrinking inventory, selling conditions are improving. We expect buyer activity to accelerate through the spring and summer. We don’t anticipate spiking sales prices, we do anticipate properties selling faster.

To become a successful seller in this market requires smart strategy and an All-In mentality. All-In for the both. The listing agent and the seller.

Buyers: Selection remains excellent today, but not for long. Shrinking inventory brings shrinking selection. And for Prime Properties, more competition between buyers as we move into spring and summer.

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. Competition among buyers will elevate as we enter spring and summer.  If you’re considering a move, the sooner the better.


Listing Inventory Month-By-Month.

 


2018 | Listings By Month and Price Range

2017 | Listings By Month and Price Range

 


Listings Placed Under Contract (Sales).

 


2018 |Sales By Month and Price Range.

2017 |Sales By Month and Price Range.


Months Supply Of Inventory By Price Range.

 

 


In Conclusion:

Sellers: Competition among sellers remains real. However, due to shrinking inventory, selling conditions are improving. We expect buyer activity to accelerate through the spring and summer. We don’t anticipate spiking sales prices, we do anticipate properties selling faster.

To become a successful seller in this market requires smart strategy and an All-In mentality. All-In for the both. The listing agent and the seller.

Buyers: Selection remains excellent today, but not for long. Shrinking inventory brings shrinking selection. And for Prime Properties, more competition between buyers as we move into spring and summer.

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. Competition among buyers will elevate as we enter spring and summer.  If you’re considering a move, the sooner the better.

 


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