According to the National Association of REALTORS®, pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year.
The Daily Real Estate News stated that the Pending Home Sales Index rose 8.2 percent to 88.8 in May from an upwardly revised 82.1 in April and is 13.4 percent higher than the 78.3 reading in May 2010. This is the first time since April 2010 that contract activity was above year-ago levels, and the monthly gain was the strongest increase since last November when the index rose 10.6 percent.
This is great news for the real estate market in Pearland! Buyers are taking advantage of the historic low interest rates. As this data shows, now is the time to place your Pearland home for sale. If you are considering placing your home on the market, I encourage you to view my free sellers resource library, receive a free sellers report or free comparative market analysis.
If you have any questions about the Pearland real estate market, feel free to email me. As a life-long Pearland resident, I have exclusively worked in the greater Pearland real estate market for over 16 years and I would love to help you!
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Whether you are buying or selling Real Estate in Pearland Texas it just makes sense to use a Realtor® that knows the area! I live here, work here and play here - I call Pearland Texas home! For more information regarding Pearland Texas be sure to visit my website:
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