Is now a good time to sell your home in Pearland, Texas? YES!
The Houston Association of Realtors (HAR) just announced in a press release on November 16, 2011 that the Houston-area home sales have increased for a fifth straight month.
"The year-over-year increase in single-family homes sales, coupled with a rise in pending sales and continued decline in months inventory, signals a market that is benefitting from a healthy absorption of housing inventory," stated Carlos P. Bujosa, HAR chairman. “The further we distance ourselves from last year’s tax credit as we analyze the local housing data, the clearer an indication we get of market performance, and the latest numbers show a healthy sales climate for an autumn in Houston.”
According to the latest monthly data prepared by the Houston Association of REALTORS® (HAR), October sales of single-family homes rose 9.1 percent versus one year earlier. All segments of the housing market, from the sub-$80,000 to the $500,000 and above, experienced growth. On a year-to-date basis, sales were up 3.4 percent. The average price of a single-family home rose 1.1 percent from October 2010 to $208,506, the highest level for an October in Houston. The October single-family home median price—the figure at which half of the homes sold for more and half sold for less—was unchanged from the October high of $150,000 it reached in 2010.
This is GREAT news for the Pearland area as Pearland is one of the fastest growing suburbs in Texas! If you have been thinking of placing your home on the market - now is a fantastic time! Click here for a list of FREE seller resources for you to utilize including market analysis and more.
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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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