The Woodlands TX real estate market report for the month of November 2020.
There were 159 homes sold in November, slightly higher than November 2019 and keeping our YTD sales ahead of 2019 by 2%.
Inventory continues to be low, down 38% from a year ago. There are now 343 homes on the market in The Woodlands. Last year at this time we had 553 homes on the market.
Overall, our months of inventory is at 2 months, a little less than last month, and about 1.5 months lower than a year ago. This is a very healthy market for sellers and a challenging market for buyers trying to find homes!
The price ranges with the highest increase in sales this year are the $800’s, $900’s, $1.5-2 million and homes over $3 million. All of these price ranges have at least 30% more sales this year than last year. The price ranges with the largest drop in inventory are the $400’s and $500’s, both down by 62%.
