Here are some El Paso market stats for 2011:
The median sales price remained unchanged at $135,000.
The number of days on the market until sale remained unchanged at 135.
The number of closed sales decreased 9.6%.
The number of months supply of homes for sale decreased from 7.2 to 6.5.
What does all of this mean? The El Paso home market was quite stable in 2011. I’m expecting a stronger year in 2012 due to the smaller supply of homes for sale, the still affordable prices, and super low interest rates.
If you’d like to search for a home for sale in El Paso, Texas click here .
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