How did The Woodlands and its' MLS area fare in single family residence unit sales in 2011 versus 2010? Not bad considering all of the economic factors at play this past year. Plus let's not forget all of those politicians playing please let me be your presidential nominee. Who knows what impact that had on anything. Here is your quick look.
MLS area 15: Woodlands, Oak Ridge, Shenandoah, The and west to the county line.
This MLS area enjoyed a pretty good year in 2011. Unit sales for 2011 vs 2010 were up 6.84%. The average sale price increased 2.1%. That is about what I expect the average sales price increase to be over the next couple of years barring an unexpected turn of events. The median sales price dropped 1.9% indicating that cheaper homes were selling better than more expensive ones. The number of active listings dropped about 8.3% which probably helped lift the average sales price with fewer homes being available. Days on the market dropped which was also helped by fewer homes being actively listed. At the end of December there was 6 months inventory available. The average inventory for the year was 6.1 months. This indicates a neutral market for both buyers and sellers. Overall 2011 was a pretty good year for this area.
If you would like more information about this report or if I can help you buy or sell a home in this area please let me know.
Thanks and have a great day. 
Ron
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