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Market Conditions Category
November 2010 Inventory Report Analysis - For those of you who haven't seen my previous posts, regarding this topic, the Absorption Rate is; How many months it will take for the market, to deplete of the properties, in each price range. I have included the entire range of areas that cover Montgomery County Texas. After looking at the data, homes below $500k are holding steady at around 8 months of product. Once you cross the $500K threshold, you begin to see... Continue Reading >
October, surprisingly saw a slight increase in home sales for area 39, which covers (Montgomery County North West) including: Lake Conroe, Willis, Montgomery, and Conroe, Texas. There were 91 homes sold for this month. The Top 3 sales come from homes in Woodforest, the Estates of Walden, and HarborSide. The highest price tag goes to a home on Harbor Side Blvd which sold for 1.2 million. The lowest sale was a 1970's home in Montgomery that sold for $41,500. As... Continue Reading >
This Inventory Report for October 2010 gives you detailed analysis of the absorption rate Absorption Rate is how many months is will take for the market to deplete of the properties in each price range. Below you will find the inventory reports for each area in Montgomery County TX from $150K homes all the way up to $5million homes. As soon as the month officially closes I will let you know about the current activity statistics. As I suspected in my... Continue Reading >
Months of Inventory Report We are closing in on our last week of September here in Montgomery County so I figured it would a good time to post some statistics on our local region's inventory. The housing news across the country isn't good, despite the fact that Texas has been shielded from the worst of the downturn. Other outlets seem to think Texas is poised for recovery, and the local statistics reflect that people here are starting to sit on the... Continue Reading >