Usually at this time of year things begin to slow down some. Not this year. In fact …sales in The Woodlands have been up double digits every month this year compared to last year (except Sept., because of the hurricane sales were up only 2%) and this month, for the first time …there are actually as many new sales written as there are new listings coming on the market. We’ve never seen that before.

Also, according to the Houston Association of Realtors Multiple Listing Service Statistics …current active listing inventory in The Woodlands is DOWN an incredible 28% compared to this time in 2004 (October 2516 = 771 Active Listings on October I”, 2004= 1,107). According to our Market Trends Study, we are in a SELLER’S market …brisk sales, strong demand and a short supply or active listing inventory. Because of the effect of the recent hurricanes and other issues …builders are announcing price increases …a positive factor for sellers. We believe that homeowners in The Woodlands are going to experience some appreciation in their property values as a result.

Because we are selling record numbers of properties and our listing inventory is flying of the shelf, I am working hard to replace our SOLD listing inventory. If you know of anyone in your neighborhood or a coworker, who is thinking about selling their home in the next 60 days, please let me know.