"El Paso's median list price reached $302,450, up 4.4% year-over-year, while the national median fell 2.1% over the same period, indicating a strong local market."
"Active listings rose 6.1% year-over-year to 2,170 homes in February, but new listings dropped 7.9%, suggesting a thinning inventory that could impact future availability."
"The median days on market jumped to 81 days, a 22.7% increase from 66 days a year ago, providing buyers with more time to negotiate and avoid rushed decisions."
El Paso's housing market is characterized by rising median list prices, which increased by 4.4% year-over-year, contrasting with a national decline. Active listings rose by 6.1%, but new listings fell by 7.9%, indicating a thinning inventory. The median list price reached $302,450, with only 9.1% of listings experiencing price cuts. Homes took longer to sell, with the median days on market increasing to 81 days, allowing buyers more time to negotiate and make informed decisions.
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