League City Home Sales Volume 2009

This is the first article in a series reviewing the past year  in League City real estate. Its no secret that all over the nation sales volume has been down for single family homes and League City is no different. What is different is that League City never experienced the dramatic drop in sales like other areas of the country. If you compare 2009 to 08 and 07 there is an obvious drop off.  The recession has effected sales but the numbers in 2007 were artificially boosted because of high risk sub-prime loans that buyers (luckily) can no longer get.  Buyers purchasing in 2009 had to have good credit, verified income and and money for a down payment.

A positive for 2009 is that sales volume in the 4th quarter exceeded the previous year. Hopefully this is a sign that home sales are increasing to a normal level. In the next few days I will provide data on average days on market, average list price to sales price ratio and average sales price.