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The Woodlands tx real estate overall inventory of listings in February 2015 is up 197% compared to same period last year.
January 2015 written contracts in The Woodlands is down 22% from same period last year.
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. An 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 Woodlands February 2015 real estate months of inventory is 2.5 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. The 44.5 days for the month of January 2015 indicates homes are selling at a faster rate than last two months of 2014.
The List Price versus Sale Price chart compares the list price of a home to the actual sale price of the home. The Woodlands overall average for January 2015 is 95.8.
Centralized Showing Service coordinates 99% of the showings for active listings in The Woodlands. Combining their data with HAR data, each active listing in The Woodlands was visited by an average of 12 buyers during the month of January versus 7 during the month of December 2014.
Visit www.MicheleFlory.com for more information on The Woodlands TX real estate.
If you are searching for a home in The Woodlands and noticing that new listings are changed from Active to Pending or Sold within the same hour or day, we should discuss the topic of Coming Soon listings.
The post The Woodlands TX Real Estate February 2015 appeared first on The Woodlands.
