Pearland Real Estate Expert

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Pearland TX - Real Estate Market conditions through May 2008

The price trend for all of Pearland TX real estate is holdings it's own.  The median price is up $6000.00 vs. last year at this same point and we actually sold more homes this year than last year.  As you can see by the charts below, we are trending up from the month before.  But as you look at the data, you can see the Pearland TX Real Estate average home price is above last year's price.  Pearland TX real estate is a GREAT buy right now.  So with that said, Pearland Texas is a great place to buy or sell a home.

Pearland TX Real Estate Trends

As you can see by this next chart, the MSI, or Months Supply of Inventory, is at 83 days or about 4 months.  What dose that mean for the average home seller in Pearland TX??? It means it will take an average of 83 days to sell your house.  The one thing that will effect that time is PRICE...  If you need to sell your house faster you will need to price it lower than the competition for like kind houses...  So by my standards and the National Association of Realtors®, Pearland is in a SELLERS Market... NAR states that natural market is 6.1 months of inventory.  Pearland is at 4 months of inventory.

Pearland TX Real Estate Trends

For more information on buying or selling property in Texas, I invite you to visit http://www.texasrealestate.com/ or http://www.har.com/ and for all of your Pearland TX and Northern Brazoria and Galveston County real estate needs, please visit my site at http://www.danfrankrealty.com.  Danny Frank is a local Pearland Real Estate expert.  I would love to help you sell your house and help you find your next home.

 
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Comment balloon 0 commentsDanny Frank • June 20 2008 08:12AM

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