The Woodlands Texas Real Estate Report

July Snap shot 27th 2019 Month to Month Sales - The Woodlands copyWOW lots of information about how homes are selling in The Woodlands, Texas.

Call me (281-467-4691)  I would love to help you with your real estate needs so you to…

LIVE LIFE TO THE FULLEST,
Scott Culberson, Broker Associate, Better Homes and Gardens Real Estate Gary Greene
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REAL ESTATE PROFESSIONAL CLASS

Are you a real estate professional that wants to engage and inspire past, present and future clients to utilize  your services?  Attend my classCREATING MOMENTS FOR BUYERS AND SELLERS July 18th.  See below flyer for details:
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Make sure you RSVP (see flyer for instructions)  I look forward to seeing you there.

Real Estate Instructor Scott Culberson.com

Real Estate Instructor Scott Culberson.com

 

Woodlands Homes Sales Report 2019

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Buyer Activity & Sales UP | Inventory and Selection Is Excellent | Low-Low Mortgage Rates

  • Seller, buyer and agent activity is brisk.  Showings Appointments remain high. Open House visits and home buyer activity is strong.
  • Inventory/Selection is excellent. New inventory tumbling onto the market fuels the accelerated buyer demand, especially in the HOT price ranges below $600,000.
  • We are experiencing an active and healthy real estate market.  Summer selling season will be strong and steady.
  • Year To Date sales are UP 10.5 %.
  • May sales UP 13.3%.
  • Average Under Contract List Price in March = $489,233 | Median Under Contract List Price = $399,900.
  • Well positioned listings are selling faster!
  • Average Days On Market (DOM) for Under Contract Listings in May  = 42 Days | Median DOM = 22 Days.
  • 1 in 4 new listings went Under Contract in 7 days or less.  79/273
  • 2 in 5 new listings went Under Contract in 31 days or less.  111/273
  • It’s a strong Seller’s Market below $600,000.
  • Average List Price = $827,772 | Median List Price = $530,000.
  • Average Number Of Days On Market (DOM) for Unsold Listings = 65 Days | Median DOM is 39 Days

Why is the market stronger than last year?

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

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).
  • Healthy selection.
  • Excellent mortgage rates, the lowest since February 2018.

All positive External Stimulus Factors are in place.  Our real estate market is healthy and gaining strength.

Buyers. . .

  • Selection and buying conditions are excellent. 
  • It’s a Buyer’s Market above $600,000, and a keenly competitive Seller’s Market below $500,000.
  • When you find what you love, move fast.
  • Mortgage rates are at their lowest in a year.

 Sellers. . .

  • While market conditions are improved, 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.

I would love the opportunity to help you with your real estate needs. Email me at Scott@ScottCulberson.com —–STILL LOTS OF SELLING SEASON OUT THERE.

cropped-photomay2009retouched8x10mediumsmall_thumb.jpgScott Culberson, Broker Associate, Better Homes and Gardens Real Estate Gary Greene, Scott@ScottCulberson.com 281-467-4691