Calendar year 2007 sales of residential real estate in The Woodlands was 6.5% down from 2006. Before you attach the "negative comment" tag to this statement consider the following factors:
1. Inventory of available homes for sale in The Woodlands was at an all-time low level in 2007.
2. Custom home sales were down 25% in 2007 versus 2006. Building rates failed to keep pace with demand during 2006 and early 2007 creating a lack of inventory.
3. The new village of Creekside Park was scheduled for a grand opening early 2007; delayed until October. Although sales activity is brisk, this delay resulted in very few closed sales in 2007.
4. Calendar year 2006 was a record-setting year for home sales in The Woodlands. Eventually, a market balance must be achieved.
Visit Michele Flory for The Woodlands Market Reports with three-year comparisons plus list price range charts. Visit Experience The Woodlands for more information on The Woodlands community, activities, and lifestyle.
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