The Woodlands real estate market inventory in this list price range is down 13% compared to same period last year.
The majority of active listings in this price range are west of Kuykendahl in The Woodlands Village of Sterling Ridge.
Written contracts in this list price range are up 15% YTD; 400% for the month of February.
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 buyerâ€™s market; a number below 6 is defined as a sellerâ€™s market. Six months is defined as a balanced market. Months of inventory in this list price range as of today is 4.0; higher than The Woodlands current real estate overall market 1.5 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. This list price range is 97 days for the month of February compared to an overall market of 75.1 days on market.
This list price range is 98% compared to the overall market 97.5%.
February showing activity in February shows a seasonal improvement over January. This list price range averaged 15 showings each listing versus an overall average of 17.
If you are searching for a home in The Woodlands in this list price range 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 Pocket Listings.
VisitÂ Michele Flory for additional information on The Woodlands real estate market.