Pearland and Manvel’s close proximity to the Texas Medical Center has made the area desirable in recent months. When COVID-19 hit in March, Realtors braced themselves for a downturn. Stay-at-home orders brought home sales spiraling downward in March and April. As families stayed home, they began to assess areas of need in their homes.
Record sales were observed in May around Pearland and Friendswood due to a combination of record low interest rates and stay-at-home orders being lifted. Realtors and builders were also taking advantage of technology by offering virtual tours.
As buyer demand has increased, houses have sat fewer days on the market often receiving multiple offers.
As families continue working and schooling children from home they may be looking for the extra space and desirable amenities offered in communities like Lakes of Savannah.
SOURCE: Community Impact