July 2018 The Woodlands, TX Recap

Speaking of real estate in The Woodlands, Texas 213 homes went under contract in July which was down 17.4% against last year.  Listing inventory for July was 870 which was down 13.6% against last year.  Here are some more notes as of May 6th:

  • There are 830 active listings to choose from.  $169,00 to $7,000,000.
  • There are only four properties for sale below $200,000.
  • For Sale listing inventory is down 13% compared to last year’s selection at this time. This is positive news for sellers, less inventory means less competition between sellers.
  • For buyers, less inventory means less selection and more competition between home buyers for prime properties.
  • Average Days on Market for August active listings is 73 Days on Market.  Up 5 days compared to July Days on Market.
  • The Average Active List Price = $775,150
  • The Median Active List Price = $489,000
  • The Average List Price of properties placed Under Contract in July = $479,600
  • The Median List Price of properties placed Under Contract in July = $400,000
  • Important!  Of the 213 sales in June 52.6% sold in 31 days or less.  112/213
  • Average Days on Market for listings placed Under Contract in April = 44 Days on Market.
  • Overall in The Woodlands across all price ranges there is 5.3 Months of supply which is a seller’s market.
  • We expect steady showing appointment activity and Open House traffic through August.

            If you would like more information about buying, selling or renting real estate Email me at: SCOTT@SCOTTCULBERSON.com. I look forward to helping you to… LIVE LIFE TO THE FULLEST Scott Culberson, Broker Associate, Better Homes and Gardens Real Estate Gary Greene

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About Scott Culberson

Author of "Jack and Jill Go Up the Home Ownership Hill" Texas Real Estate Broker Associate, father of two, husband to one. Faith, family, friends and work, in that order. I work to live not live to work. My work environment is customized to the needs of each client. I am present for my clients and make sure I make their day. I'm an Eagle Scout and still believe in the values I learned so many years ago. Better Homes and Gardens Real Estate Gary Greene. My motto: "LIVE LIFE TO THE FULLEST"
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