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Sunday, 3-Jun-2012 16:01 Email | Share | Bookmark
The Woodlands Texas Real Estate Market March 2010

The Woodlands real estate marketplace continues to mirror last year's sales at even lower inventory levels. With rates of interest at report lows plus continued business gains inside the marketplace, The Woodlands real estate marketplace are very hot as you enter the "real estate season"Active Listings -Total active listings inside The Woodlands is 651 as of March 1, 2010 vs 676 same month during the past year. Historically, the inventory of virginia homes peaks inside July of each year.New Contracts -As of February 28, 2010, 141 homes were beneath contract inside The Woodlands. Total homes beneath contract were 99 by the end of January 2010. We are following the seasonal trend which peaks inside May.Months Of Inventory -This expression is defined as the average monthly amount of homes sold during a past 12 month period separated by the 13th month's amount of total active listings. A amount above 6.0 is a buyers markets; more listings than buyers. A amount below 6.0 is a vendors market; more buyers than vendors. A range of 5.0 to 6.0 is considered a balanced marketplace. The Woodlands months of inventory as of March 2010 is 5.3; a balanced marketplace.Example of a vendors marketplace inside the community -There is a powerful buyer desire for "custom leisure" homes inside The Woodlands. Custom leisure homes are like courtyard homes, except they are built with a custom vs a creation contractor. The square footage will range from 3,000 to 5,000 square feet with costs ranging from $300,000 to over $1 billion.Average List Price Versus Sale Price -Both January plus February averaged ninety-five.2% of list price. Before 2009, sale price inside The Woodlands averaged 97% of list price. Due to economic conditions, you have lost the average of 1.8%. How several sections of the would wish to have this percentage?Visit Michele Flory at http://www.MicheleFlory.com for three-year month-to-month graphs of the topics.\nrealestatethewoodlands.net


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