July 29th, 2010 12:12 PM

Via Ron Wickes (Keller Williams):

MARKET REPORT - MONTGOMERY COUNTY

MLS area 15: Oak Ridge, Shenandoah, The Woodlands and west to the county line

MLS area 15, one of four MLS areas that comprise Montgomery County, is the most active MLS area in our county. It normally averages about 55% of this county's home sales. So how did it do in the first six months of 2010 versus 2009? The answer is............ not bad at all.

Single family residence sales increased 11.61% over the first six months of 2009. One hundred and sixty eight more homes sold this year than last year. The average sales price of the homes sold increased $2,956 or just over 1%. Not a huge increase but not a decrease either! The median price stayed right where it was at last year at $212,000.

The number of active listings increased about 5%. For the most part you could on there being between 1,600 to 1,700 active listings. Days on the market for the average sale did decrease from 83 to 75.

How is the market? At the moment it is considered to be a "neutral" market. At the end of June there was 6.5 months of available single family residence inventory. This was actually an increase of .2 months as compared to the end of June, 2009.

How will the next six months be? Of course I don't know however if my business is any indication it should be good.

In my next blog we will look at MLS area 19 of Montgomery County.

Until then stay safe have a great day and call me about buying or selling a home or about taking SCUBA diving lessons!

Ron

www.ronwickes.com

www.lakeconroeconsulting.com

 

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