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Pearland Texas Real Estate Market Trends Feb 2011
Pearland Texas Real Estate Market TrendsIt is that time of the month to look back to see how the real estate market in Pearland TX did compared to the history and to look where it might be headed.In this story, I will be looking at the 2 zip code of Pearland, 77584 and 77581. For the most part, Pearland is following the history of what it has always done.Sales Absorption
First, let’s look at the market dynamics of something called sales absorption. This shows the trends of how the market is doing and where it might go. Looking at February 2011, Pearland only sold 77 single family homes, compared to February 2010 in which we sold 93 or a 17% decrease. Pearland home sales always tend to start moving upward this time of the year and this year is not going to let us down. One of the key things I look at is how many houses are going under contract compared to the previous months. Pearland only had 10.6% of the homes for sale under contract. That number is off from this time last year and the year before. Last year we were sitting with 14.3% of homes under contract ... more
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