News Column

El Paso Home Prices Up Sharply

May 22, 2013

Home prices increased at healthy rates in El Paso and many other metro areas in the first quarter, a new report shows.

El Paso's median, or market midpoint, price for used, or resale, single-family homes increased 5 percent in the January-March quarter compared with a year ago, the National Association of Realtors reported.

El Paso's median resale price was $138,600 -- up $6,600 from the first quarter in 2012.

El Paso's price increase was below the national increase of 11.3 percent -- the strongest national annual increase in almost eight years -- the National Association of Realtors reported.

Median home prices rose in 133 of 150 surveyed metro areas, the association reported.

Source: (c)2013 the El Paso Times (El Paso, Texas) Distributed by MCT Information Services