As February winds down we can start to look at how the numbers are shaking out here in The Woodlands, Texas. Listing inventory is up this year with 281 listings versus last year’s 253 listings. Contracts written in January were 65 this year with 68 last year. So what type of market is The Woodlands, Texas in right now? First let’s set the stage based off what real estate economist believe:
Less than six-month of For Sale Inventory= Seller’s market
Six Month Supply of For Sale Inventory=Balanced market
More than six-month of For Sale Inventory= Buyer’s market
Looking at all of The Woodlands the months of inventory is sitting at 4.5, so a seller’s market. If you look at the price range $0-$500,000 you are looking at a seller’s market. $501,000 and up is a buyer’s market. Now that changes if we look at individual areas of The Woodlands or we look at it by sales price. Real estate is local so while looking at these numbers can give some insight it is best to look specifically in your price range in your neighborhood.
Where can you get that information? I’m glad you asked. Shoot me an email at Scott@ScottCulberson.com. I would love the opportunity to help you to…
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I am Scott Culberson, Broker Associate with Better Homes and Gardens Gary Greene