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Market Conditions in 79912 : Real Estate Advice

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Mon Nov 19, 2007
Rick Snow answered:
Michael, that depends on many factors. The market in El Paso continues to be better than other parts of the country, but it has slowed from last years boom. We continue to sell homes everyday in all parts of town. average time on market has slowed from 60 days last Oct to 91 days this Oct. Market time is affected by the price range of the home as well. My personal opinion is that even though it is slower we are still in good shape. If your home is priced correctly it will sell. It may take a little longer but homesare still holding their value. Price reductions are due to unrealistic expectations to begin with. Pricing is key. Rick Snow, Broker, One Realty El Paso ... more
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