WOW! The Woodlands inventory of available homes for sale is 50% less than same period last year. This should provide major motivation for anyone considering selling their home to contact their Realtor today. One caveat, although supply is low and demand is increasing daily, your home must be priced right or the lender appraisal will ruin your day.
Here is a breakdown of homes in The Woodlands for sale by list price ranges as of January 1, 2013. Detailed information on each list price range is avaliable at The Woodlands Real Estate Market Reports.
As you might recall, 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. The average Months of inventory in The Woodlands is 1.7. As you notice from the chart, we have a broad range based on list price.
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