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.