News Column

El Paso Home Sales Prices Climb 4.7 Percent

Nov. 9, 2012

Vic Kolenc, El Paso Times, Texas

El Paso's home-sale prices increased in the third quarter, but at a slower pace than the national rate, new data show.

El Paso's third-quarter median, or market midpoint, home-sale price increased 4.7 percent compared to the same quarter a year ago to $142,100, the National Association of Realtors reported.

Nationally the median sales price for a single-family home in the July-September quarter was $186,100, up 7.6 percent from a year ago. That's the largest price increase since 2006, the association reported.

The median sales price increased in 120 of 149 metro areas surveyed by the association.

Regionally, Albuquerque's third-quarter median home price declined 0.3 percent from a year ago to $172,900; Austin's median price increased 6.7 percent to $207,900; San Antonio had a 3.6- percent increase to $161,900; and Tucson had an 18.5-percent increase to $155,300.

Vic Kolenc may be reached at vkolenc@elpasotimes.com, 546-6421. Follow him on Twitter @vickolencMore information: realtor.org



Source: (c)2012 the El Paso Times (El Paso, Texas) Distributed by MCT Information Services


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