Woodlands Real Estate Market Report: December 2007
Well, the December numbers for The Woodlands real estate market are in... in fact, we can now compare the whole year 2007 vs 2006.
Number of homes sold is the 2nd & 3rd columns after the month column... you'll notice that fewer homes sold in December 2007 vs 2006. However, look at the incredible increase in the price of home purchased!!!
But... I'm sure that closer analysis will show that it's probably just statistics playing a game with us here... what I believe happened is that the top end of the market was unaffected by the turmoil hitting the lower end of the market ($80k to $175k) and so it looks like the average purchase price has jumped by a large amount year-on-year compared with the other months.
Days on market increased by 3 days in December 2007 vs the same month in 2006 and actual selling price vs asking price remained stead at a 3% reduction.
So... a good steady market.