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The Woodlands real estate market listings in this list price range are up 4% over 2012 compared to The Woodlands average listing inventory being down 49%.
The majority of active listings are located in The Woodlands villages of Cochrans Crossing and Sterling Ridge.
Written contracts are up 286% over same period last year compared to The Woodlands average written contracts being up 45%.
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 as of today is 1.7; compared to The Woodlands current real estate overall market 1.6 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. At 43 days for the month of January compared to an overall market of 75.2 days on market, this means there are more buyers than seller in this list price range.
Sale prices for homes in this list price range are 97%; compared to The Woodlands average of 96.5%.
Showing appointments for potential buyers in this list price range are significantly higher than last two years same period. Again, more buyers than sellers.
Considering listing your home for sale in The Woodlands? Do not participate in the traditional Comparative Market Analysis process in this non-traditional market. Ask about our balanced analysis process. Visit www.MicheleFlory.com for more information on The Woodlands real estate market.
The post The Woodlands Real Estate $400,000 to $500,000 List Price Range appeared first on The Woodlands.
