The Woodlands, TX Real Estate Market Review for October 2022

I'm going to be doing things a little different moving forward since the market has changed drastically over the past few months and will continue to shift in 2023.
Instead of only comparing year-over-year numbers, I'll also be comparing to 2019...our last NORMAL real estate market to help you have a better understanding of whether or not today's numbers are good, bad, or just normal.

137 new listings hit the market...down 34% from October 2021 and down 47% from our last normal year in 2019.

127 homes sold, a 45% decrease from the 229 sold in October 2021, but only 23% down from the 164 sold in 2019.
Average sales price is up a modest 3.7% year over year to $668,403.
Average days on market is up to 32 days. Second highest this year, but homes are still selling 67% faster than this time in 2019!

The average list-price-to-sales-price was 98.04%. Continuing our trend of less than 100% Believe it or not, it’s actually pretty normal for the LP/SP ratio to be less than 100%.
The Woodlands averaged between 97.30% and 98.40% from 2012 to 2020 and experienced appreciation in 6 of those 8 years.

Months of Inventory climbed to 1.8. Still far below what is considered a “balanced” market of 6 months.
Despite everything going on in the market today, October 2019 was a lot closer to a balanced market at 4.2 months of inventory!

Click HERE if you want to know what your home is worth in today's market.
If you're just curious about the activity in your neighborhood...send me a message HERE.