Although the number of single family homes dropped this year to last year in December by 6%, all the other statistics were very good! 15% of the inventory sold still showing a 6.6 months of supply of homes in The Woodlands. This means that the market is strong and although a buyer’s market still, it is very close to becoming a seller’s market. Anything under a 6 months supply of homes is considered a buyers market. The average days on the market dropped along with an increase in the median price home. Looking at the 1937 #homes that sold in all of last year, a 15% increase is where there is a shining light. So, all of you that are thinking of selling, now is the time before the competition of spring sellers put their properties on the market. Call me and we can discuss how you will get your home sold quickly! A great start for 2012! Happy New Year!
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