The Woodlands real estate inventory of homes for sale in this list price range is down 7% from same period last year. Interesting to note significant jump in number of active listings for March and April.
Inventory of available homes is concentrated in The Woodlands Villages of Sterling Ridge and Creekside Park.
YTD written contracts are 24% above same period last year with a significant jump in March.
Months of inventory is defined by the National Association of Realtors as current inventory divided by the average number of monthly sales for the previous 12 months. A months of inventory above six is defined as a buyer’s market; a number below 6 is defined as a seller’s market. Six months is defined as a balanced market. Months of inventory in this list price range as of today is 4.1; higher than The Woodlands current real estate overall market 1.8 months. This number will begin to trend down next month
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Days on market is defined as number of days from list date to contract date. This category always lags one month since it is based on contract activity. At 159 days for the month of March compared to an overall market of 87.8 days on market.
This chart compares the list price of a home to the actual sale price of the home. The average percentage for March was 95.0 compared to The Woodlands overall average of 97.1.
Centralized Showing Service coordinates 99% of the showings for active listings in The Woodlands. Combining their data with HAR data, each active listing in this list price range was visited by an average of 10.7 buyers during the month of March versus The Woodlands overall average of 25.1.
Visit Michele Flory for more information on The Woodlands real estate. April 22, 2013 6:44am
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