Speaking of real estate in The Woodlands, Texas 213 homes went under contract in July which was down 17.4% against last year.  Listing inventory for July was 870 which was down 13.6% against last year.  Here are some more notes as of May 6^th:

• There are 830 active listings to choose from.  $169,00 to $7,000,000.
• There are only four properties for sale below $200,000.
• For Sale listing inventory is down 13% compared to last year’s selection at this time. This is positive news for sellers, less inventory means less competition between sellers.
• For buyers, less inventory means less selection and more competition between home buyers for prime properties.
• Average Days on Market for August active listings is 73 Days on Market.  Up 5 days compared to July Days on Market.
• The Average Active List Price = $775,150
• The Median Active List Price = $489,000
• The Average List Price of properties placed Under Contract in July = $479,600
• The Median List Price of properties placed Under Contract in July = $400,000
• Important!  Of the 213 sales in June 52.6% sold in 31 days or less.  112/213
• Average Days on Market for listings placed Under Contract in April = 44 Days on Market.
• Overall in The Woodlands across all price ranges there is 5.3 Months of supply which is a seller’s market.
• We expect steady showing appointment activity and Open House traffic through August.

            If you would like more information about buying, selling or renting real estate Email me at: SCOTT@SCOTTCULBERSON.com. I look forward to helping you to… LIVE LIFE TO THE FULLEST Scott Culberson, Broker Associate, Better Homes and Gardens Real Estate Gary Greene