Everyday, I have homeowners in the Pearland and Friendswood TX area ask me about how the real estate market is doing and if now is a good time to sell or buy a home.
Let’s take a dive into what the Pearland Real Estate Market is doing and talk about why it is a great time to sell your house, as well as to buy a house in the Pearland area.
As of today, Jul 11, 2022 HAR.com shows Pearland has 186 single family homes for sale with an average DOM (days on market) of only 26 days…with an average FOR SALE price of $452,428 with an average price per square foot price of $169.27.
Looking at the entire market of Pearland, the data shows that the month of June had a total of 390 total new listings with 174 single family homes under contract. The Pearland area had 207 single family homes SOLD and closed in June of 2022.
Looking at the year over year numbers in the Pearland real estate market, you can see that in June of 2021, Pearland had 384 homes for sale vs 390 this year. And it had 205 single family homes under contract vs 174 single family homes in June of 2022.
What does this really mean to the average homebuyer or home seller in Pearland? It means we have a healthy real estate market and we are still in a sellers market. So, NOW would be a great time to sell your house for maximum profits. And if you are buying a house in the Pearland market, now is also a good time to buy. Real estate prices have NOT declined in the Pearland TX market in the last 10 years and I don’t see them dropping anytime soon. Pearland has more people moving here than it has houses for sale. It is simple supply and demand.
Looking at supply and demand numbers in the Pearland TX real estate market, you can see that the FOR SALE numbers are on steady increase for the last 3 months, but you can also see that as more single family homes come on the market in Pearland, the more we sell.
One of the key indicators we look at to see what pricing MIGHT do is the “DAYS ON MARKET” (DOM). In Pearland, the DOM are not really moving much and holding steady with an average of only 14 days! And as you see, Pearland’s MSI (month's supply of inventory) is up to 1 month…YIKES! This tells us that we have a few more homes to sell in Pearland and homebuyers should have a better choice of what it is they are looking for.
Looking at the numbers, the sales absorption is growing ever so slowly - meaning we have more single family homes to look over before we make an offer to purchase your dream home! However, as a homebuyer, you cannot take your time. When you see a house you like, STOP and send in the offer! Because every 14 days in Pearland, the inventory is turned over and that house you loved will be gone! Trust your Realtor and let them submit your offer! Now is not the time to try and low ball and play games. But by all means, listen to your agent and find out what your agent thinks the house will sell for and what it will appraise for! Homebuyers today should only be making strong offers in the Pearland real estate market.
Now let’s jump to selling a home in the Pearland real estate market. If you bought a house in Pearland in June of 2020, you paid on median $278,000, and if you sold your house today, in 14 days on average, you would expect to sell it for a median price of $394,928. In 2 years time, you could make a profit of $116,928 or a return of 29%. NOW IS THE TIME TO SELL!
You may ask, “where will I move to and, if I only have 14 days to find something, how will that work?” Our team has a “BUY with cash before you SELL” program. Think about it, you find the house you want with no rush, make an all cash offer, then our team will sell your house after you move in! We have partnered with HOMEWARD to allow our clients this opportunity. We get you pre-approved for your dream home and then we go and find it and make a CASH offer. We then sell your house after you move in. PLEASE reach out to me (us) for more information about this program - it is a GAME CHANGER in the current market. And BUY YOUR DREAM HOME TODAY with the Pearland Real Estate Expert, Danny Frank!
Whether you're interested in buying your first home, your next home, or just want to know more about home-ownership in general, I encourage you to check out a couple of great online resources: 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 . All of these sites offer tons of useful, real estate-related information geared specifically for Texans. Danny Frank is the Pearland Real Estate Expert
Remember, Danny Frank is always looking to hire new and experienced real estate agents for the team at JLA Realty. Are you ready to move to the next level in your career? Call me to join today or just visit my site for more information:
You can see my entire blog at: http://www.pearlandrealtyblog.com
Call Danny Frank, the Pearland Real Estate Expert at 713-569-8102 to start looking for the JUST right house or to sell your house at the best price ever and in the quickest amount of time. Call TODAY!