Here’s the facts by zip code
Zip        Active Listings    Pending Sales    June Closed     July    Statistic        DOM
77380        120        40        35        21    -40%        75
77381        209        70        69        59    -15%        44
77382        297        95        102        77    -25%        44
77375        68        25        8        9            166
77389        137        25        30        29            102

Comments by Cam
1.     The figure shown for pending sales is indicative of what is likely to close in 30-45 days.  For example, in 77380, the most likely closed sales figure for August will be 40/2 or a bit better.  So, in all but 77375 the trend will be downward for number of closings.  
2.    77381 has always been the safest investment in The Woodlands.  
3.    Creekside prices and days on the market have come to an abrupt halt.  
4.    Many sellers are terminating and giving up, preferring to wait until next year.  Risky.
5.    Sellers moving from 77381 to any of the other zip codes will make the best deal on both ends