The last part of 2017 really gave us cause to worry about what the real estate market in The Woodlands and surrounding areas might look like in 2018. Between Hurricane Harvey and President Trump’s Tax Reform, one wouldn’t have been blamed for thinking that the market may take a significant hit.
We are nearly through the first month of 2018 now and I’m happy to report that, at Beth Ferester & Company, we are seeing a start to the year that rivals the same time period in 2017, which turned out to be one of the best years in history for home sales in Houston.
There seems to be a steady flow of buyers into the area, partly due to the fact that so many companies now consider The Woodlands home and are bringing employees in to the area on a regular basis – a trend that would make George Mitchell a very happy man indeed.
Good listings are not sitting on the market for long – some are selling in as few as 2 or 3 days. The fast sellers tend to be the houses that are beautifully presented, so always take the time to get your house looking its best if you are going to put it on the market (see more in our 5-Point Guide to Selling).
With the new corporate tax cuts, it is hoped that corporate savings will flow through to the economy in the form of employee bonuses, increased hiring, or shareholder dividends. Combined with the fact that Texas remains free of a state income tax, we hope to see a continued positive trend in home sales. Within our own office, we have been busily selling homes all month long and we feel confident that the rest of the year will bring more of the same. If you are looking to buy or sell, please get in touch today.