The Woodlands Real Estate

THE WOODLANDS, Texas -- The Woodlands real estate market continues to reflect record low inventory levels in all list price ranges. Homes for sale in this price range are 32% below same period last year. This compares to total homes for sale in The Woodlands of 50%.

During the month of December, two new listings in this price range were added to our inventory of available homes for sale.

2012 written contracts in this price range were 5% lower than 2011. Overall, The Woodlands written contracts in 2012 were 13% higher than 2011.

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 9.1; higher than The Woodlands real estate overall market 1.7 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 201 days for the month of December compared to an overall market of 75.2 days on market, this means there are still more available homes than available buyers in this list price range.

This list price range finished 2012 with an average list price – sale price of 93.5% compared with The Woodlands average of 96.5%

Beginning in June 2012, showing activity began to lag same months 2011. We will be watching this category during the first quarter of 2013 for trend direction.

Visit our Market Reports page for specific details on all list price ranges. This data is from the Houston Association of Realtors(HAR) and is updated the first week of every month on our web site, www.MicheleFlory.com.

If you are interested in your specific neighborhhod and/or your home, please contact us at the link below.