The Woodlands market remains stable with an overall 6 months supply of inventory. The number of homes sold this month is down 24% compared to last year at the same time, but the inventory is up compared to last year. With the average cumulative days on the market also up 16 % compared to last year, the statistics show that there are a lot of homes to choose from, yet the homes are sitting longer before being sold. The reason for that is either the condition or price of the home. It is also important to look at the statistics on the bottom that show sales by price band. We are in a seller’s market for homes with pools priced under $1,000,000 or homes under $500,000 without pools. We are in a buyer’s market for homes with pools over $1,000,000 or homes over $500,00 without. Call me if you have questions about the market. If you or someone you know is thinking of selling in the upcoming months, I can present a marketing plan that will get your home sold quickly at the best possible price.

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