THE WOODLANDS REAL ESTATE REPORT FEBRUARY 2020

  • Strong Seller’s Market Below $700,000
  • Seller’s Market Below $900,000
  • March Listings Inventory Down 10% From March 2019
  • Low-Low Mortgage Rates Means More Buyer Power
  • Average Days On Market before placed Under Contract = 53 Days | DOM dropped 19 days from February DOM.
  • Median Number Of Days On Market before placed Under Contract = 23 Days | DOM dropped 51 days from February DOM
  • Median List Price placed Under Contract = $409,000
  • Median List Price For Sale = $607,495
  • Average List Price placed Under Contract = $520,306
  • Average List Price For Sale = $1,011,327

Q. Why Is It A Strong Seller’s Market  

Our real estate market is fueled by a bundle of positive external stimulus factors like:

  • Positive economic growth.
  • Job growth and low unemployment.
  • Stable oil prices.
  • Positive consumer confidence.
  • Corporate-relocation moving people in and out (like an Exxon/Mobil).
  • Low for sale inventory.
  • Excellent mortgage rates in the historically low 3% range.

All positive External Stimulus Factors are in place.  Our real estate market is healthy, steady and strong.

Sellers. . .

  • While market conditions below $900,000 are strong, no matter the price, one fact remains, half-hearted selling-efforts will fall flat-faced.
  • Supreme interior and exterior merchandising is a must. (Here’s a Checklist)
  • Quality and reach in your marketing and promotional strategy is more important than ever.
  • Give-It-Away pricing is not required!  Competitive pricing is.
  • More and more, serious sellers are matched with serious buyers every day.

Buyers. . . It’s a STRONG Seller’s Market below $900,000 and keenly competitive. When you find what you love, move fast. 

Mortgage rates are at their lowest in years = More Home – Lower Payments!
MARCH_2020 THE WOODLANDS, TX REAL ESTATE REPORTFEB_2020_THE WOODLANDS REAL ESTATE REPORT

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