"In October, home prices remained unchanged from the month before, with a median listing price of $294,950. The number of listings on the market shrank 1.1% from last month, which is a bigger decrease than normal for this time of the year in El Paso, and homes are also selling slower than at the same time last year. Home prices in El Paso Typically, home price per square foot in El Paso tend to rise in October."
"But the most recent data shows that the price per square foot remained practically unchanged compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Sun City are smaller the national market. El Paso inventory In October, there were 2,452 homes for sale in El Paso, which was 1.1% less than the month before and 13.5% more than the same time last year."
"The number of new listings in El Paso was 676, which was 10.1% less than the month before and 7.9% less than the same time last year. Nationally, the number of new listings fell by 2.7% from last month to 384,264. Homes in El Paso take an average of 71 days to sell, according to October figures. This is two days more than the previous month and nine days more than the same month last year."
Home prices in El Paso were flat in October, with a median listing price of $294,950 and price per square foot practically unchanged month-over-month. The price-per-square-foot change in El Paso contrasted with the national decrease of 0.8%, indicating smaller local shifts than the broader U.S. market. Active inventory numbered 2,452 homes, down 1.1% month-over-month but up 13.5% year-over-year. New listings totaled 676, down 10.1% from the prior month and down 7.9% year-over-year. Average time on market was 71 days, two days longer month-over-month and nine days longer year-over-year, versus 63 days nationally.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]