The first quarter of 2008 delivered oddly.
Listing Inventory - Real Estate Report, The Woodlands, Tx.
The number of Active Listings continues to grow, but not alarmingly - we're well below 2005 inventory levels. The Average Number Of Days on the market for active listing is 83 days. The Average Number Of Days for listing that closed in April was 72 Days. What we see are buyers clamoring for properties that really shine or stand out, if it's average, it sits for while. Merchandising/Staging, Pricing and Marketing are more important than ever. Oddly, there are fewer sales, but prices are not dropping.
Sales Data - Real Estate Report, The Woodlands, Tx.
Written sales in the first quarter were drab. Sales activity has picked up in the last couple of weeks and we expect some velocity into spring. Real estate economists believe that 6 months of active inventory represents a balanced market. We currently have 3.7 months of active inventory in The Woodlands. Oddly, although sales are drab (compared to record sales last year) and inventory is growing, prices continue to rise and it's a Seller's Market. The key is Merchandising, Staging, Pricing and marketing.
The Average Sold Price (March 2008) for The Woodlands is: $348,000. The Average Sold Price (March 2007) for The Woodlands was: $298,607
Real Estate Broker Comparison - Sold Price to Original List Price, The Woodlands, Tx.
As a Seller, you're might want to know what the Average Sold Price to Original List Price % is for homes over $250,000:
Prudential Gary Greene, Realtors: 97.4%
Re/Max Spring-Woodlands: 95.9%
Keller Williams Realty, The Woodlands: 94.9%
Coldwell Banker United Realtors: 94%
Choose the right brokerage and your net fattens.
Download the Real Estate Report for The Woodlands, Tx.
If you're the type that likes to pour over the data, here's a thick stack of Real Estate Market Data for The Woodlands, Tx. - January to March 2008 Some the charts included are pictured below.
If you're keen on knowing what is happening in your specific neighborhood, one of our Realtor Icons would be happy to provide you with accurate, hassle free information.
If you have any questions for me, give me call or leave a comment: Ken Brand - cell: 832-797-1779 office: 281-367-3531
* Real Estate Market Data for The Woodlands, TX. was obtained from the Houston Association of Realtors, Multiple Listing Service and posted by Ken Brand, Sales Manager, Prudential Gary Greene, Realtors.
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