Ask Haley
Dear Haley:
I’ve been thinking about selling my home for some time now. Is it still a seller’s market? If so, how long will it last? I’d love to know your thoughts.
Thanks,
Mike W., The Woodlands
Dear Mike:
Yes, The Woodlands remains a strong seller’s market! I included some graphs below just so you can see recent data for The Woodlands and surrounding areas. Real estate economists tell us that less than six months of inventory is considered a seller’s market. At the close of June, there was less than 1 month of inventory in The Woodlands market alone (Exhibit A).
This is great news if you’re ready to sell! Buyer demand is still high and a seller’s market lasts as long as demand outweighs inventory. However, buyers are very educated during this shifting financial market, so it’s really important to price your home aggressively within the market range for your area.
As we move closer to fall, more sellers will be listing their homes. So if you’ve been going back and forth about whether or not to sell, now is absolutely a great time to capitalize on this seasonal uptick in activity. Give me a call at (281) 701-6174 if you have any other questions. I hope this helps.
Sincerely,
Haley G.
Exhibit A. Listing inventory for The Woodlands, 2020–2022
Exhibit B. Months of inventory (with past sold and currently active data) for The Woodlands and surrounding areas, June 2022
Exhibit C. Months supply of inventory, active listing inventory, and listings placed under contract for The Woodlands, June 2022
Want to ask Haley a question? Shoot her an email at haley@haleygarcia.com to be featured in the next column or to subscribe to our monthly “Home with Haley” newsletter!
