Greetings!

Last week was the annual Keller Williams Mega Agent Camp hosted in Austin and virtually. As always, we had Gary Keller take the stage with his statistics and commentary on the state of the market. Typically (pre-Covid) The Woodlands and Montgomery County did not always follow the country in residential real estate sales. Now, we are following the trends. Below are a few of the 30+ slides that were shown to discuss the state of the market. Supply and demand has been the main reason for home price increases. Home prices continued to rise as the inventory continued to drop. Home unit sales in The Woodlands has been down every month this year as much as 60% compared to prior year. Inventory has been down as well with similar percentages causing a very fast inventory turn with buyers and sellers seeing homes "flying " off the market. It still continues, but is slowing. With Buyers experiencing higher interest rates (currently 5.4%) and an concerns for the economy, we are seeing buyers reluctant to purchase. We are still clearly in a sellers market with 1-2 months of supply in inventory. A stable market is 6-7 months of supply. Inventory is starting to increase, but at a very slow rate. Average price in The Woodlands has increased 53% in the past 10 years to $700,000 and nationally around 115% to $395,000. Long term the average is typically +4% which The Woodlands has followed. We do not typically have big swings in price, but have stayed stable (until the pandemic) making it a stable real estate market. We can't predict the future, but most economists are predicting the current market to stay the way it is for a 1-2 years and that is what we are predicting as well. I am always available if you have any questions. Have a great weekend!
Recent Activity In The Brownstone Group
Welcome to the new homeowners!
This home is now off the market.
40 Autumn Crescent
Hollymead
5/6 BR | 5 Full 2 Half BA | 4 Car GA |6,986 SF Home | 34,435 SF Lot
Listed at $4,250,000
We are proud to say this gorgeous one-of-a-kind home by Mary Ross Custom Homes + Lehmann & Company is officially off the market! We are beyond delighted for Mary Ross Custom Homes and Lehmann & Company and applaud their exceptional efforts that went into creating this custom build + design. I am always grateful to represent them. It was gratifying working with such an exceptional team and property. It is no doubt its first family will enjoy many moments and celebrations in this wonderful home.
National Association of Realtors
Market Update
Questioning Whether It's The Right Time To Buy A Home? Something to Consider...
A very important metric to consider when purchasing your house is the Rate of Return on Investment.

Watch this quick video to learn how you may apply this while searching for your new home!
What's Happening in Montgomery County
August 27th & 28th

Come meet local vendors to make your next home or garden project a breeze at the Lake Conroe Home and Outdoor Living Show, hosted by Margaritaville Lake Resort, Lake Conroe.

Click the button to reserve your tickets today!
August 27th
8pm-11:30pm

The 9th Annual CBOW Dress White Linen Party, sponsored by Buckalew Chevrolet, will have live music and light bites. All ticket proceeds will go directly to supporting Children's Books on Wheels to support their services.

Children’s Books on Wheels was established in 2004 as a 501c3 nonprofit offering access to free books to all communities in Montgomery County. The mission of Children’s Books on Wheels is to promote literacy by supplying books and educational literature to Pre-K through 12th grade students and their families. Learn more about Children’s Books On Wheels by visiting their website www.childrensbooksonwheels.org
September 4th

TWCC provides a morning gathering to show off special vehicles, be a supportive partner with Market Street and the local community, share information about needful non-profit organizations in Montgomery County, and to give back monetarily as well.
3 Tips for Buying a Home Today
Strategically planning your home search by understanding today’s mortgage rates, casting a wide net, and building a team of experts can be the keys to finding the home of your dreams. To make sure you have expert advice each step of the way, let’s connect.
With the power of GPS search and the ability to draw your target area on a map, home search has never been easier - or more fun. Download my free app today and create an account to save your favorite searches!
2201 Lake Woodlands Dr.
The Woodlands,
TX 77380
Kathy Sexton,
REALTOR®
832-654-0065