10/02/2023
There's a lot going on, there's a lot of headlines, there are a lot of confusing headlines and what we have to make sure, we have to make sure is that we're realizing how confused the consumer is. Because if the consumer is confused, that confusion can turn into pretty quickly into fear and that fear could turn into paralysis pretty quickly. So our job is to make sure that we have the answers to a lot of the questions that are in your consumer's heads so that you can
remove the confusion and make them feel comfortable. And ladies and gentlemen, let me tell you, there's a lot of confusion out there right now and remember, in times of uncertainty people follow the certain. At EXIT REALTY, we often times talk about you want to go at it not with the heart of a salesman, but with the heart of a teacher and OUR El Paso’s market median price of a single-family home is $255,000.00 an increase by about 6.3 % between AUG 2022 and AUG 2023, according to the Greater El Paso Association of Realtors (GEPAR). The amount of active inventory INCREASED year-over-year by .7% with over 1994 active listings and the number of new listings WAS DOWN 5.2% with a total of 933 new listing in August 2023. The number homes sold is 765, down 13.2% since last year. 752 Closed Sales in AUG 2023 a DECREASE of 13.2% since last year
Homes in El Paso receive on average 2-3 offers and UNDER CONTRACT around 16-24 days UP BY 6.7%. The median sale price per square foot in El Paso is $150 up 6.8% since last year.
