Ron's Blog Conroe/Woodlands/Lake Conroe

Yes it is true, sales in Montgomery County, Texas fell this April versus last April but prices rose in three of the four MLS areas that comprise the county. In MLS area 15 (The Woodlands & west) prices rose 14.12%, in MLS area 39 (Lake Conroe) they rose 2.98%, in MLS area 40 (East county) they rose 13.87% and lastly in MLS area 19 (Conroe) they fell 12.9%. Those numbers are 2008 versus 2007. Amazing that sales fall and the sales prices continue to rise. The "deal" that some of you were hoping for is probably not going to materialize. The number of active listings is also starting to stabilize. County wide there was only a 1.29% increase over the number of active listings at the end of last April.
The average "Days on the Market" did take a big hit versus last April. The increases in this area for the four MLS areas ranged from a low increase of 14.7% to a high increase of 22.8%. Okay so your house takes longer to sell but there is a good chance you may get more money for it. Plan better and plan early is probably the key there.
In looking at the actual sales numbers they did fall again. The amount of decrease is smaller though and I think shows that the bottom is near. I will give you the actual numbers later this week. Don't be surprised if the deal you thought was there vanishes overnight. Last week a client of mine finally decided to make an offer on a home she had been looking at for three months. Well guess what, that same day the buyer got two other offers and my client's was not the high one. Please if you are thinking of making an offer make it today. Time waits for no person.
I hope you all had a great Memorial Weekend.
Ron