The Woodlands TX Real Estate February 2015
By Michele Flory, Specializing In The Woodlands Texas
(Point Real Estate)
The Woodlands TX real estate inventory of listings in February 2015 is up 197% compared to same period last year. January 2015 written contracts in The Woodlands is down 22% from same period last year. Months of inventory is defined by the National Association of Realtors as current inventory divided by the average number of monthly sales for the previous 12 months. An inventory above six is defined as a buyer’s market; a number below 6 is defined as a seller’s market. Six months is defined as a balanced market. The Woodlands February 2015 real estate months of inventory is 2.5 months. Days on market is defined as number of days from list date to contract date. This category always lags one month since it is based on contract activity. The 44.5 days for the month of January 2015 indica...
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