Real Estate Market Report For The Woodlands TX - Listing Inventory and Written Sales / August-September 2009 - By Ken Brand from Ken Brand on Vimeo.

Hello Friends,

Wondering what's going on in The Woodlands TX real estate market?

It's been an "interesting" year. Year To Date there have been 1,501 Contracts Written (all brokers combined) compared to 1,848 in 08'. That's 18.7% less. No big deal really. We can all be thankful that our market is the opposite of all the market horror stories we hear about.

Sales prices have remained stable. Yea!

In August, according the HAR Multiple Listing Service, there were 173 Contracts Written. 7.4% fewer than August 08'.

For the first time in months, Listing Inventory fell below previous years inventory. Current For Sale listings = 863. Last year at this time = 880.

Average Days On Market for Active Listing Inventory = 106 Days.
Average Days On Market for Sold Listings in August = 71 Days.

What does all this mean?

Look at the trend lines. Seasonality is about to kick in. There will be fewer sales and fewer active listings through the end of the year.

Seller's - Consider adjusting your price. If you have merchandising/staging things that can be done to enhance the perceived value and your competitive position, act now. Re-examine your marketing. Now is the time to take action.

Buyer's - Selection is good. If you're a 1st Time Home Buyer, time is running out on the 8K Tax Credit, get a move on. Mortgage rates are still at historic rates, which means you can buy more house for your money. No doubt, as the economy improves rates will rise and most likely home prices too. Act now, or?

Real Estate Agents - There will be fewer listing and selling opportunities in the last quarter. If you'd like to keep your success steady, you'll want to increase your personal contacts, conversations and networking.

I'll be publishing more market data in the next few days. Till then, if you need anything or have questions, give me a call: Ken Brand - 832-797-1779.

Cheers.

Related Stuff: Should You Reduce Your Listing Price = http://www.brandcandid.com/2009/08/29/should-i-reduce-my-listing-price-how-much-what-should-i-do-first/

What's up with the $8,000 First Time Home Buyer Tax Credit: http://www.brandcandid.com/2009/08/10/when-does-the-8000-first-time-home-buyer-tax-credit-expire/