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We are in the throes of “May-cember”: a month that feels as busy and hectic as December. Vacation planning, end of school activities and programs, graduations, and more can make this month exceptionally busy for many people. May also tends to be very busy for real estate as well. Many buyers are hot on the trail from now through the end of June trying to secure their next home in time to be settled in before school starts in August. There’s been some tension and worry from the economic headlines we’ve been seeing in recent days. But rest assured: our market is still moving.
Buyers, this time of year presents the stiffest competition for you as you work towards securing your dream home. You’ve got to be decisive, realistic, and don’t rely simply on your emotional instincts. Now is the time to lean into your trusted realtor and rely on the facts the market is showing. If you haven’t already asked about our “Only on Compass” inventory you simply must do so ASAP. Staying connected with your Compass agent and Compass collection can get you first access to incoming housing inventory. You can use this to make strategic moves and secure the perfect home before your competition does. Consider it calling “DIBS” on the housing inventory!
Sellers, you have a prime opportunity to net the highest dollar in the shortest amount of time if you follow a well thought out marketing strategy. Don’t just go cold turkey straight into the MLS. Dangle your property in front of hungry buyers, giving them a peek at what’s coming up just around the bend for them. Create early interest and early demand before you even launch fully on the MLS. Not sure how to do this? Ask your Compass agent about our strategic Three Phased Marketing Strategy. A well thought out marketing plan isn’t “Take photos and plop on the MLS, then wait for buyers to come” The Three Phased Marketing strategy is just that: STRATEGY. And from what we can tell, it’s an effective one. Data about our Three Phased Marketing plan shows that sellers that utilize this strategy sell their home for a higher amount and in a shorter period of time. Just how much higher? 2.9%. In The Woodlands, our median sales price is $636,000. That means potentially an additional $18,000 added to your bottom line. Is your interest piqued yet?
Below you’ll find the monthly market reports for our area, but I also included a little bit from our CEO. We recently had the pleasure of having Robert Reffkin visit us and spend the day with us in The Woodlands. You can find him circled in green, surrounded by a sea of Compass folks. This is not your typical CEO visit. When Robert comes, his focus is on engaging with the people and agents in his company in a very real, authentic way. Robert’s passion for people and for the mission of helping everyone find their place in the world is what guides our brokerage and sets us apart from the rest.
I’d love to be of service to you or your loved ones in any way that I can!