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How’s the Market? August 2016

Here is the current Month’s of Inventory report for The Woodlands area, for a reminder on what this means…

If there are 0-4 months of inventory, that is a sellers market. The buyer demand is high and homes are not sitting on the market for too long and you are likely to see multiple offers. A healthy, balanced market has 5-8 months of inventory. Inventory levels are at a level that point where buyers have a choice yet homes are selling at a nice pace and prices are stable. A buyers market occurs when there are 9 or more months of inventory in a certain location. In this case, home values may decrease a bit to attract buyers and be the next home chosen.

If you’d like a more specific analysis on your home, please let us know and we will be happy prepare that!

 

August Inventory

Eric Depoy
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Eric Depoy

Raised in The Woodlands and a resident for over 20 years, Eric has spent the last decade providing real estate services to his loyal clientele.He began his business career as a golf professional then turned to Real Estate in 2004.Eric’s positive attitude, comfortable approach and commitment to personal service led him to become a top agent in the area and was recently inducted into the Keller Williams Hall of Fame.He has a strong knowledge of the market and is dedicated to an enjoyable home selling or buyer experience!
Eric Depoy
Let's Chat!

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