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November 2021 Market Report

The Woodlands real estate market remains incredibly tight. Selection is down 47% from this time last year.

Every price range—from $220,000 to $7,490,000—is a seller’s market. There is less than one month of inventory for properties under $2,000,000.

As fall continues and winter approaches, buyer activity will cool. This seasonal slowing is welcome news to serious home shoppers because competition will be less fierce.

For buyers: thankfully, new properties are listed each day. While mortgage rates are rising slightly, they are still at historical lows, and purchase power is at historical highs. If you’re a buyer, keep the faith and move fast. Prices, mortgage rates, and monthly payments are predicted to jump in 2022.

For sellers: because inventory is 47% lower than last year, swift sales will continue. The median days on market for listings under contract is 6 days. There has never been a better market to sell your property—period.

If you’d like to see all the facts and figures, you can read through the entire November 2021 market report here.

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