"El Paso's median listing price rose to $301,475, reflecting a 3.6% increase from the previous year, contrasting with a national decline of 2.1%."
"New listings in El Paso jumped 21.9% year-over-year, providing buyers with more options, even as total active listings saw a slight decrease."
"The typical home in El Paso took 58 days to sell, a 12.7% increase from last year, indicating buyers have more time to make decisions."
El Paso's real estate market showed resilience in March, with prices increasing by 3.6% year-over-year to $301,475. New listings surged by 21.9%, yet total active listings only decreased slightly. Buyers now have more choices, as homes took longer to sell, averaging 58 days on the market. While sellers maintain some leverage, realistic pricing is crucial as the market dynamics shift. The overall inventory remains tight, but buyer demand is absorbing new supply effectively.
Read at SFGATE
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