What's happening with Real Estate Activity in The Woodlands, TX?

According to MLS statistics*, in May 2009, there were 224 Listing Pended (under contract). In May 2008 there were 273. Listing Pended were down 17.94%.

The next logical question, are Sales Prices falling. Short answer - Nope.

The Average Sold Price for May 2009 was $354,439, in May 2008 it was $353,439. While the pace of sales is slower, prices remain stable. The MLS Average List Price To Sales Price % for properties Sold in May was 95.1%. I'm happy to report that our office achieved an average of 98.1%. That means that our team members achieved 3% more for our sellers. That's huge. Congrats to the team and our sellers.

in The Average Number of Days On Market for SOLD properties in May 2009 was just 65 Days. Our office average was just 34 Days. That means our team is selling properties for 3% more than average and and in almost half the time, which eliminates about half the hassle of showings, staging, etc. Yea Team!

On June 2nd @ 7:17am there were a total of 920 Active Residential "For Sale" listings in The Woodlands, TX. Last year at this time there were 858, Listing Inventory is UP 7.22%. The Average List Price in The Woodlands is $548,029, the Median List Price is $350,000. Average Days On Market for Active Inventory is 96 Days. Keep in mind that properties that SOLD, sold in an average of 96 days.

I'll be publishing a full collection of market reports by Monday, June 8th. You'll find them at: BrandCandid.com

If we can do anything to help you let us know.

Cheers.

*MLS - Houston Association of REALTORS, Multiple Listing Service. Market Report includes Single Family, The Woodlands TX.