The Woodlands Inventory Update – November/December 2012

The Woodlands area is experiencing a stable and steady market with sales continuing to be strong as we close out the year. We continue to see a shrinking number of listings compared to the number of sales in escrow and sold over the past month which translates into increasingly tighter inventory levels. With demand high and supply low, homes are selling at a brisk pace with Average Days on the Market across most of The Woodlands not only lower than the prior month, but well below November 2011. Based on the numbers provided by HAR.com, zipcode 77382 has the most demand for single-family homes, with an average of 33 days on the market, while other zipcodes are demonstrating homes selling on average in 2-3 months.

This is great news for prospective sellers! Home prices up to $800K (with and without a pool) continue to move quickly – with multiple offer scenarios becoming more common and helping sellers to obtain higher dollar for their homes. With more employers coming to the area (see my news segment) and overall demand expected to be in record highs – coupled with the lowest interest rates on record, if you’re thinking of making a move, maybe the time is now.

 

Click here to download the latest inventory stats. As always, please call me if you have any questions, or when you’re ready to make a move!  

 

About Rianne Sanchez

I want to be your agent for life!

If you have any questions about the Real Estate Market in The Woodlands, Spring, Magnolia market, give me a call!

Cell: 832-620-7262
Direct: 832-482-1104

Full-service Real Estate agent focusing on The Woodlands and surrounding communities. I can help you buy or sell for the best price in this area. Call today for a free, no obligation, market analysis of YOUR neighborhood.