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.