This week in the The Colony market, sales ticked up to 51 homes sold over the last 30 days, even with a new downward trend in price reductions, with 71 in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. While the number of price reductions trended lower, months of inventory is on an eight-week upswing, this week hitting three months. With such a small volume of inventory available and sales going up, The Colony is a seller's market.
Trying to find a more traditional home in The Colony? Then check out these listings that were built before most others in the market: