"In November, home prices rose moderately from the month before, with a median listing price of $299,900. The number of listings on the market remained practically unchanged from last month, but it is a bigger increase than normal for this time of the year in El Paso, and homes are also selling slower than at the same time last year."
"Typically, home price per square foot in El Paso tend to rise in November. And the most recent data shows that the price per square foot increased by 0.3% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Sun City are outpacing the national market."
Median listing price in El Paso was $299,900 in November. Price per square foot in El Paso increased 0.3% month-over-month, while the national price per square foot fell 1.2%. There were 2,477 active listings in El Paso, up 0.5% from the prior month and 15.1% year-over-year. New listings numbered 636, down 8.9% from last month and 1.9% year-over-year. National active inventory decreased 2.5% to 1,072,266 and new listings dropped 14.1% to 330,908. Homes in El Paso averaged 79 days on market, eight days longer than last month and 19 days longer than last year; nationally the average was 64 days.
Read at SFGATE
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