Woodlands Real Estate Trend Watch

Sellers Must be More Aggressive Now! MORE new Real Estate  Inventory coming on Market in 77382

Price War WILL happen After July 4 in 77382, 77381, 77380

WOODLANDS BUYERS NOT BUYING FAST. Home sellers in The Woodlands are in a bit of pickle, for reasons inexplicable, home buyers are not responding to the current low interest rates the way we all would have hoped. It is natural for folks to want to go ahead and put the ol' homestead on the market to get a better one when rates are so attractive. Trouble is, so many are doing so, that the market has already become diluted.

HOME RENTALS. And we simply don't have as many buyers moving in from the city as everyone thought we would. Or, at least they aren't buying, they are RENTING! Generally speaking, rent demand is WAY UP from last year, about 20% higher. Good clean rentals in all price ranges are flying off the rent rolls. We have a had several Chevron long term rentals, and a few Exxon are popping around.

MORE HOMES FOR SALE THAN HOME BUYERS BUYING. Alas,not enough sales to absorb current inventory. And the inventory keeps growing!

ZIP 77382,STERLING RIDGE, ALDEN BRIDGE. Take zip code 77382 for example, this covers Sterling Ridge and Alden Bridge Villages. Look at these numbers carefully and you can easily see what I mean.

In the last 10 days, 56 new listings were posted in that zip code. In those same 10 days, 7 listings sold.

In the 10 days prior to that, 44 new listings posted, with 10 new sales.

Going back to May 1, in zip code 77382, there have been 126 new listings, and 46 of those are now "pending".

Now that you are getting the picture, let's add in the listings that were ALREADY THERE!