You could feel it, now you can see it.
Realtor Icons weren't ambling, they walked, talked and rocked with animated action. Doers were busy, the un-doers are still wondering what will happen. Don't tell them. It's already happening.
The Woodlands Real Estate Market is "strong like bull." Houston Association of Realtors, Multiple Listing Service Statistics + observation + personal experience confirm:
Month's Supply Of Inventory
Real estate economists believe that a 6 months supply of "For Sale" inventory represents a balanced market for sellers and buyers. The supply of "For Sale" inventory in The Woodlands, TX, tumbled to 2.9 months. That's the lowest number in 20 months....a confirmed "Seller's Market".
Sellers: It's a great time to sell, prepare your property properly, choose the right broker and you're in the driver's seat.
Buyers: When you find a property you love, run don't walk, buy it. Prices are going up (see charts), wait and pay more later of lose it now.
Realtors: Listing inventory is oxygen, breathe deep, don't dawdle, promise big, deliver bigger.
Days On Market - Days On Market for properties Sold and Closed in May = only 63 Days On Market. If you want to move before summer ends and school starts again....add 45 days for escrow period and the now is the time to hit the market.
Average Sold Price
The Average Sold Price for the month of May, spiked to an all time high of $383,810. The highest average sold price ever. Prices don't appear to be heading down. The May average Sold Price leapt 31.33% ahead of the Average Sold Price for May of 2007 ($292,244).
If you like to pour over the data, here it is, the whole collection of reports.
If we can help you with anything, let us know.
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"A deadline is negative inspiration. Still, it's better than no inspiration at all." – Rita Mae Brown
PS. If you have any questions, you can reach me, Ken Brand @ 832-797-1779.
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