The Woodlands real estate inventory of homes in this list price range is up 10% from same period last year. The Woodlands overall average inventory of listings is down 30% for same period.
YTD written contracts in this list price range is up 21% compared to The Woodlands overall average of +15%
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 for this list price range is 3.0; higher than The Woodlands current real estate overall market 2.0 months.
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. This list price range for this month is 26 days compared to an overall market of 48.3 days on market.
One of the charts compares the list price of a home to the actual sale price of the home. In this list price range the average percentage for this month was 96.0 compared to The Woodlands overall average of 97.6.
Centralized Showing Service coordinates 99% of the showings for active listings in The Woodlands. Combining their data with HAR data, each active listing in this list price range was visited by an average of 15.3 buyers during this month versus The Woodlands overall average of 20.0 buyer visits.
Visit www.MicheleFlory.com for more details on The Woodlands real estate market.
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