Months supply of inventory by price range   real estate market report- september 2012
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Months supply of inventory by price range real estate market report- september 2012

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Months supply of inventory by price range   real estate market report- september 2012 Months supply of inventory by price range real estate market report- september 2012 Document Transcript

  • The Woodlands Texas Real Estate Report Months Supply Of “For Sale” Listing Inventory – September 11 , 2012Is it a Buyer’s Market or a Seller’s Market?According to real estate economists a six-month supply of For Sale Inventory represents a balanced market. Ahigher number means it’s leaning towards a buyer’s market, less than six months, would indicate a seller’s market.As we can see from these inventory numbers, in price ranges below $900,000 there is an under supply of selection.PRICE RANGE. . . . . . MONTHS SUPPLY OF LISTING INVENTORY$000,000 – $200,000 . . . . . . . . . . . . . . . . . . . . 2.3$200,001 – $300,000 . . . . . . . . . . . . . . . . . . . . 2.4$300,001 – $400,000 . . . . . . . . . . . . . . . . . . . . 2.8$400,001 – $500,000 . . . . . . . . . . . . . . . . . . . . 2.8$500,001 – $600,000 . . . . . . . . . . . . . . . . . . . . 3.0$600,001 – $700,000 . . . . . . . . . . . . . . . . . . . . 3.6$700,001 – $800,000 . . . . . . . . . . . . . . . . . . . . 4.7$800,001 – $900,000 . . . . . . . . . . . . . . . . . . . . 4.1$900,001 – $1,000,000 . . . . . . . . . . . . . . . . . . . 9.6$1,000,001+ . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.5What does this mean?For buyers: When you find something you love, don’t hesitate to submit an offer. If you snooze you lose out.For sellers: If you were thinking of selling, due to lack of inventory and an abundance of qualified buyers, nowwould be a smart time to sell. Three key factors that impact salability are merchandising (staging), broadcastmarketing and competitive pricing. Correctly tweak and amplify these three factors and you’ll be one of thesuccessful sellers attracting a qualified buyer. Ignore these salability factors and the property will languish unsold,even in a strong market. Position your property competitively in today’s market and you’ll be packing before youknow it.Closing thoughts.While mulling over these inventory numbers, keep in mind these figures represent big averages across TheWoodlands. Real estate is hyper local in nature and market conditions for your specific property, in your specificneighborhood may be different that the big average you see above. To find out what’s happening in yourneighborhood, contact us and we’ll provide you with an up to the minute, on-target Months Supply of Inventoryreport. Give us a call and we’ll send you your free report – pronto. Page 1 9000 Forest Crossing The Woodlands, Texas 77381 Office: 281.367.3531 or 800.932.7253