The Woodlands Area 15

• Single-family home sales in The Woodlands are down by 184 units in 2007 in comparison to 2006. This represents a 4.06% decline with 4,350 home sales recorded. While the sales fall short of 2006 figures, current sales are 6% greater than 2005 figures, which experienced a total of 4,102 home sales. 
•  Contracts written, a better indicator of “future demand”, show 3,153 pending sales have been written year-to-date. This is a 124-unit decline over that which was written in 2006.
• Listings in The Woodlands are up by 7.66% with 1,673 homes on the market in 2007 as compared to 1,554 in 2006.
• Average sales price in The Woodlands is $278,680, which is 6.54% greater than 2006, which averaged $261,564. The median sales price for The Woodlands, where half the homes sold above and half sold below the median sales price was $206,900 and that figure is up from this time last year by 6.10%. In the last two years, since 2005, The Woodlands has experienced a 13% increase in average sales price! This is a much more fortunate circumstance than found anywhere across the nation.
• The Woodlands has a 4.5-month supply of inventory, which indicates the area is a seller’s market. Days on the market to sell a home has declined in The Woodlands from this time last year from 74 DOM in 2006 to 70 DOM in 2007.
•  The Woodlands was ranked #6 on the Houston Hotness Index for December 2007 because 11.9% of all listings received a contract during that one month.