The Woodlands Luxury Market Update 05/14/08

By
Real Estate Broker/Owner with Real Living Signature Properties

Here are the latest numbers about The Woodlands single-family luxury home market, with numbers and statistics pulled from the Houston Association of Realtors MLS (my own research):

For homes priced between $500,000 and $750,000: average days on market was 78, and we currently have about 3.6 months of inventory (29 homes active, 8 sold in the last month).  Average time on market for homes sold in the past six months was 73 days.

For homes priced between $750,000 and $1,000,000: average days on market for active listings was 107, and we currently have 16 homes available.  Only 1 has sold in the last month.  Average time on market for homes sold in the past six months was 46 days.

For homes over $1,000,000: average days on market for active listings was 157, and we currently have 4 months of inventory (12 homes active, 4 sold in the last month).  Average time on market for homes sold in the last six months was 246 days.

By comparison to with most of the country, this is hardly a terrible market!  It does however reflect some slow-down in our market.  Watch this report over the next few months to compare.

 

Comments (1)

Meg Zoller
Keller Williams - Houston, TX
Houston Fine Homes

John - Welcome aboard Active Rain.  This is a fabulous site to share your ideas and knowledge.  I hope you share some of your valuable teaching . . .and stories that you hear along the way.  I look forward to seeing you around.  Have a fabulous week!

May 14, 2008 02:16 AM