The Woodlands Homes Sales Report – August 2017

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Buyers: Smile. Selection Is Supreme, but Shrinking.

Sellers:  Competition Remains Fierce, but Conditions Improving.

  • Selection is supreme.  There are 999 homes to choose from.  Home range in price from $135,000 to $7,850,000 .
  • Inventory is UP 9.4% over last years total of 913.
  • Listing placed under contract in July were UP 12.17%.  Yea!
  • Listings placed under contract Year-To-Date are up 6.7%.
  • 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.
  • Almost half (47.2%) of of the 258 listings that went under contract in July were on the market 31 Days or less.
  • Average Days On Market for unsold listings is 76 Days. Average Days On Market for July listings placed Under Contract is 52 Days.
  • 49.9% of the active listings have had at least one price reduction (499/999).

In Conclusion:

Sellers:  Competition among sellers will remain fierce throughout the year.  On a positive note, buyer activity remains steady and listing inventory is slowly shrinking, improving conditions for sellers.

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 remains 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 (selection = competition) 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