Activity is brisk (when the sun's out), new listings are improving selection for the inbound corporate relocation transferees and everyone else too. As I write this there are 654 homes listed For Sale, priced from $144,900 to $16,800,000.
The oil-speed-bump naturally causes some buyers making an elective move (moving up, down, across town) to pause. Even so, written sales are only slightly less than last years monthly totals.
All in all, business as usual - positive. This weekend we had 3 spanking new listings sell their first day on the market:-)
Last year at this time a barrel of oil sold for over $110 per barrel. Even with all of today's media doom, gloom and disaster, our local RE market is powerful and surges forward.
Good News #1 = Written sales (all brokers combined) totaled one more sale that last year at this time, when oil was over $100 a barrel. Sales are strong. The next 90 to 120 will be fizzy and busy. Selling or buying now is a safe idea.
Good News #2: The selection of homes to choose from is almost double that of last year. Mortgage rates remain low-low-low. Buying now is safe and smart.
Sales velocity is accelerating. Based on the 169 written sales month-to-date we project there will be 225 written sales in February – UP 10% from February 2014 when oil was over $100 a barrel! (see picture below). This is great news for our real estate market, sellers, buyers and home owners.
- Better Homes And Gardens Real Estate Gary Greene | The Woodlands and Magnolia TX | 832-797-1779Sales Manager, present
The Woodlands, TX
9000 Forest CrossingThe Woodlands, TX 77381
- Clairemont High SchoolSocial Savvy
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