Midland: June breaking records with 228 homes sold

MIDLAND – Midland’s housing market produced a record number of houses sold during the month of June.

Figures from the Permian Basin Board of Realtors indicated 228 homes were sold during June in Midland — the highest number according to their records, which date back to January 2008.

For those homes sold in June, the median sold price was $250,000, a 12 percent decrease compared to June 2014.

The average sold price dropped 17 percent year-over-year.

June 2014 experienced the highest home prices on record, with average and median sold prices reaching $340,000 and $280,000, respectively.

The average and median prices for June 2015 are still between 5 and 6 percent higher than the average for the first five months of 2015.