The Woodlands Texas Real Estate Market Update

The Woodlands Real Estate Market Update

SALES UP 2%

INVENTORY DOWN 38%

NOVEMBER 2020

Presented by Michele Flory

Month-To-Month Activity: Summary of All List Prices

More Details by List Price: https://micheleflory.com/market-reports/

Monthly Activity By List Price Ranges

Charts Explanation Active Listings – Number of homes for sale monthly.

New Contracts Written – Number of executed contracts monthly. HAR status will change to Pending (P, PS, OP).

99% of contracts in our market close within 45 days.

Average Days On Market – Number of days from list date to executed contract date.

List Price vs Sale Price – Comparison of List price to price at closing. The Woodlands average is 97%.

Months Of Inventory – Number of current homes for sale divided by average number of sales in previous 12 months.

Below six months is defined as a seller’s market. Over six months is defined as a buyer’s market. Six months is defined as a balanced market.

Showings – Number of active buyers visiting active homes for sale.

New Listings (Pie Chart) – Number of new homes for sale added to existing inventory.

Data Sources: Houston Association of Realtors (HAR) and Showing Time.

To receive The Woodlands real estate market report for your home price range via monthly email, please send your name and email address to: Kim@PointRealEstate.us

Point Real Estate, The Woodlands, TX 832-938-0411 • team@pointrealestate.us • www.PointRealEstate.us