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The Woodlands real estate inventory continues to remain at a low level and will trend even lower as we follow the seasonal curve. Pristine listings are still receiving over-list multiple offers in specific price ranges.

After setting a three-year record in May, sales moderated in June. Days-on-market is the number of days from listing to contract. This number continues to reach new lows with June at 46.6.

The ratio of list price to actual sale price for homes in The Woodlands has reached a new high of 98.1%.
In summary, our new highs and new lows are aligned with the correct categories to insure a bright three to five years for The Woodlands real estate market.

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 month’s of inventory above six is defined as a buyer’s market; a number below six is defined as a seller’s market. Six months is defined as a balanced market. The average Months of Inventory in The Woodlands as of July 1 is 1.9.

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