League City Home Prices 2009

While the number of sales in League City are down the over the past three years home appreciation in League City was up in 2009. Why ? Inventories have stayed very low, meaning the ratio of homes on the market when compared to those that have sold recently. As of typing this the monthly inventory is 5.3 months, meaning if no other home was listed it would take 5.3 months to sell every home currently on the market. Typically under 6 to 7 months indicates a sellers market. Also foreclosures in League City have been very low and have not had a real affect on the League City real estate market.  The home price appreciate in League City over the past years is rare for any market in the nation and speaks to the demand for housing in our city even in a recession.