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El Paso Texas Real Estate Stats

By
Real Estate Agent with EXIT West Realty

The home sales statistics for El Paso Tx are out for September. So how is the market? Our numbers continue to move up and the trend looks pretty good. The numbers we will look at includes new and resale statistics.

When we look at the figures for single family detached homes we had 749 new listings in the MLS for the month of September. This is up from 688 in September of 2011. Our pending sales are up too, but I don't put a lot of emphasis on that stat because any number of things could happen to result in the sale not closing, but it does show that there is plenty of activity with buyers presenting offers. Closed sales are up as well by 14% over Sep 2011. We closed 504 homes in Sep 2012 and year to date we have 4132 sales in El Paso. That's up 8.1% over ytd last year.

Another number that is up is time on market, although it isn't to terribly bad. Compared to Sep 2011 add another 3 weeks to market time and we are at 148 days on average. Year to date we are up by only 11 days over last year at 143 days.

Median and average sales prices are both up for the month and year to date (a good thing if you are a seller). YTD figures have us at $135,150 and $153,511 respectively.

We have a 6.9 month inventory of detached homes on the market with inventory at the end of Sep at 3,298. Remember a single family detached home is a stand alone stucture not connected to another home, so it doesn't include condos, duplexes, town homes, etc....

The figures for attached homes are down across the board and there's an 11.6 month inventory.

Overall September was a positive month for real estate in El Paso and 2012 has been trending upward. As we move into the 4th quarter we'll see how we finish out the year, but my bet is we'll remain strong through Dec.

For more information on the market in El Paso, TX you can listen to one of our radio shows on Sunday mornings. We cover individual zip codes weekly on Newstalk690 from 7-7:30am Sundays and on Sports1380 from 7:30-8am Sundays. We are also on JOSE 93.9 FM Sundays from 7:30-8am in Spanish. If that is to early for you you can listen to archived shows on our website at www.elpasohomesradio.com

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