The Woodlands - Real Estate blog sponsored by Michele Flory of The Woodlands, TX. Content includes The Woodlands community news, activities, lifestyle events, real estate market condition reports, the woodlands texas homes for sale, free real estate services.

The Woodlands real estate market will not be participating in the seasonal lull this year! A robust local economy, pent-up demand plus incredibly low interest rates are fueling this activity. Beginning this week, I will feature two list price ranges for your review and comments. Today, we begin in the middle of the ranges; the $500,000 to $600,000 list prices.

The Woodlands real estate available homes for sale in this list price range mirrors the overall market. Active listings in the month of November are 41% below previous year same month. Of the 23 still active today, most are concentrated in The Woodlands Villages of Sterling Ridge. Since January 2012, we have averaged 8 new listings per month in this list price range.

Written contracts are significantly above same month previous year. This number would be even higher if we had more available homes for sale.

Days on market is defined as number of days from list date to contract date. This category always lags one month since it is based on contract activity. Although at 80 days for the month of October compared to an overall of 49 days on market, this list price range is trending lower with a ten-month average of 56 days.

Months of inventory is defined by the National Association of Realtors as current inventory divided by the average number of monthly sales for the previous 12 months. A months of inventory above six is defined as a buyer’s market; a number below 6 is defined as a seller’s market. Six months is defined as a balanced market. Months of inventory in this list price range is 2.5; matching the overall market. Yes, The Woodlands real estate market is definitely a seller’s market!

This category offers a reality-check on list prices versus actual sale prices. The list price comes from the HAR MLS listing data information available to the public. The actual sale data comes from the executed contract documents and provided to broker/agent members of HAR. If the list price sale price percentage exceeds the average for the respective list price range, the home might have been priced high for the market relative to location, condition, and upgrades. The average of 97% in this list price range matches The Woodlands real estate overall market 97%.

Centralized Showing Service coordinates 98% of the potential buyer visits in The Woodlands real estate market. Based on their data, buyer visits in this list price range during the month of October exceeded same month last two years.

If you can’t wait for the next list price range posting, visit Market Reports for information on all list price ranges.

If you would like information specific to your home or your neighborhood, contact me.

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