According to HAR.com, the months of inventory for The Woodlands is 4.4 months. Months of Inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity.
On March 12th of this year I reported that the months of inventory at that time was 3.9 and while this means that this number has increased by .5 months in the last 3 months, we are still way under the average. In general, areas with 9 – 10 months of housing inventory are considered to have a normal or balanced market. Real Estate markets with less than 8 months are considered to be a seller’s market. Real Estate markets with 12 months of inventory are considered to be buyer’s markets. The Houston area as a whole has 6.7 months of housing inventory. Here in The Woodlands area we are definitely experiencing a seller’s market! If you are considering putting your home on the market please give The Chappell Team a call and we would be happy to work up a detailed market analysis of your home and neighborhood! Let the #1 Team in The Woodlands help you get the most value for your home!
