Although there were less homes sold this year versus last year in January, there were 55% more homes that went under contract.  It is all about the details. It still remains a strong seller’s market in The Woodlands for homes with pools under $1,000,000 and without pools under $600,000. In Magnolia, there is a similar trend, but just a little lower price point. Under $500,000 is a seller’s market with or without a pool.  The other statistic to make note of is that the % of sold to list price has dropped and days on market has become higher.  This shows that seller’s are still tending to price their homes in certain price points over market value.  It is clearly a strong market and with the interest rates where they are, this is a great time to buy!  All  indications show that after July the interest rates will rise. How much we don’t know, but many say around 5% for 30 year loan

.