Hot off the press. March numbers are in for sales statistics for detached homes in El Paso, Texas.

Our closed sales are down slightly from March of last year but year to date we are still up by just over 4.5%.

It looks like El Pasoans are on the move. March 2011 saw 761 new listings on the market compared to March 2012 with 1,039. An increase of 36.5%

Average Days on Market numbers keep creeping up slightly to 150.

Inventory remains pretty steady around 3350 detached homes on the market, a 4.4% decrease over March 2011. That gives us just under a 7 month inventory of homes.

 

Keep in mind that these numbers are for all sales of detached homes listed in the MLS. Since all real estate is local this is just a snapshot of the city. Different areas of town and different price points will have different numbers. For example in 79936, new listings, closed sales and inventory are all down slightly and days on market is down to 145.

If you are contemplating a move and need to sell or buy, let me know and we will do an analysis for your home specifically or your prospective purchase and go over those numbers with you. We give you the information you need to make an informed decision.

Don't forget to watch us on El Paso Homes TV Saturday morning at 8:30 on KFOX Channel 14 and hear us on the radio Saturday from 11am-noon on El Paso Homes Radio KHRO 1150AM.

 

Rick Snow El Paso Homes For sale

Rick Snow

Broker/Owner

First Choice Realty

El Paso, TX

915-329-5868

 
Posted by Rick Snow on 04/17/2012 08:21 AM   Comments (0)   March Statistics in the Real Estate Market Channel   market statistics  
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Rick Snow

El Paso, TX

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First Choice Realty

Office Phone: (915) 317-6695

Cell Phone: (915) 329-5868

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Author Bio: Rick Snow is a real estate broker and educator in El Paso, TX. He is actively involved in real estate on a daily basis and produces a TV show, El Paso Homes TV and a weekly radio show, El Paso Homes Radio. Rick sits on the Executive Committee as Regional Vice President (Region 16) for the Texas Association of REALTORS® and serves on the Board of Directors for the Greater El Paso Association of REALTORS®. He is a Past President of the GEPAR MLS Board of Directors. Rick was selected as the 2011 REALTOR® of the Year for the Greater El Paso Association of REALTORS® and is a Faculty Member for the Texas Association of REALTORS® University



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