Nothing average in Midland: home values rank first in TexasNothing average in Midland: home values rank first in Texashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=35302014-07-24T11:30:00Z2014-07-24T08:14:00Z

MIDLAND - Home values grew by more than 23 percent year-over-year in June, pushing the Tall City’s median price back to the number one slot statewide for the second time this year.

The median home price in June was $283,100, as 208 single-family homes, townhouses and condominiums were sold. The sales volume grew about 14.3 percent year over year, up from 182 transactions in June 2013.

The volume of homes sold is traditionally strongest during summer months, but the number of transactions in June surged beyond the average and to the highest level in Midland’s documented history.

No other Texas city recorded a higher June median home price than Midland, which has not happened since January. The Tall City also broke its own record for highest median home price by almost $32,000.

Last month, the median value of an Odessa home was $176,500.

Highest June Home Values Statewide
Midland $283,100
Fort Bend County $280,800
Collin County $272,700
Montgomery County $251,400
Austin $249,800

Read more at the Midland Reporter-Telegram.

Midland Reporter-Telegram
http://www.mrt.com/business/article_7381b478-11ff-11e4-9b0f-0019bb2963f4.htmlRead more at {Source}

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