There were 230 homes sold in August….19% higher than August 2019! Our YTD sales are now off by 6%, down from the 9% last month. The last week in August with Hurricane Laura threatening Houston, played a little havoc on activity. Not to mention, everyone trying to figure out returning to school!
Inventory continues to be low, down 36% from a year ago. There are now 447 homes on the market in The Woodlands. Last year at this time we had 699 homes on the market.
Overall, our months of inventory is at 2.8 months, a little less than last month, and nearly 2 months lower than a year ago. This is a very healthy market for sellers and a challenging market for buyers trying to find homes!
This begs the question, why are we seeing some homes sit on the market? Buyers, even with less inventory, are looking for homes they have determined are move in ready. Now, maybe more than ever, as with COVID buyers do not want contractors in their homes. So, unless they are in the position to buy the home, do the
