Real Time Woodlands Real Estate Statistics
This is the fourth post of a 90 day series that will cover each of the major market areas in the Houston housing market. The statistics held in this post will update in real-time every seven days. All of The Woodlands housing market statistics in this post will be based from active listing data. Below you will find the 12 month moving average graphs of the following statistics: total active listing inventory, median price, average days on market and a market activity index for conditions in The Woodlands housing market developed by Altos Research.
The Woodlands Housing Inventory
The chart above is a graph of The Woodlands total number of active listings. This value is not stated as an absorption number or based on a months of inventory basis. It is the raw number of total listings actively being marketed for sale.
The Woodlands Median Home Price
The above graph is a 12 month moving average of the median list price of homes actively being marketed for sale. This chart should not be used to gauge home values, but rather a preview of the direction median home sale prices will likely move. It is important to note that The Woodlands homes for sale median price tends to spike during the summer months, so it is best to focus on the values of the troughs of the graph when gauging the direction of the marketplace. The spike in the median home sale price is likely due to the fact that more older established families take part in the market while school is out, and more established families tend to have higher incomes, higher net worth, and a need for greater space. This being the case, median home sale prices spiking during this time is more a change in buying habits in the market place, rather than an increase in home values.
The Woodlands Average Time On Market
The graph above is a 12 month snapshot of the average time on market for active listings in The Woodlands. Since the graph above does not contain the average days on market of sold homes it should not be used as an indicator of how long it takes for a home to sell in The Woodlands housing market, but as a tool to note the trend in the direction that the market is moving. The reason for this is that the value of the average time on market is skewed upwards due to unmotivated sellers and homes that are overpriced.
The Woodlands Market Activity Index
The graph above is an index developed by Altos Research as an indicator of which party has the upper hand during negotiations. A value in the Houston housing market of 20 or more suggests that the market is a seller’s market where sellers have the advantage in negotiating contract terms. A value of less than 20 tells a story of a buyer’s market, where buyers have the advantage in negotiating price and terms of a contract for sale.
December 9th, 2009 at 3:42 pm
This real time analysis of Real estate market is really interesting. I plan to a similar analysis for the Newport beach Real estate market.