Written contracts continue at a pace above same period last year beginning in May. Beginning in July, our listing inventory is below same period last year. These two factors have resulted in a shortage of available homes for buyers in several price ranges.

As the above chart illustrates, The Woodlands is a truly unique real estate market! Months of Inventory is a compass for market direction.

Months of Inventory is calculated by dividing current listing inventory by the average monthly sales of the previous twelve months. The real estate industry defines six months of inventory as neither a buyer's or a seller's market; a balanced market. A number above 6 indicates a buyer's market; a number below 6 indicates a seller's market.

The Woodlands real estate market returned to a seller's market in August. This trend is likely to continue due to strong buyer activity and a declining inventory of homes for sale.

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