Home values and supply on the up and up in MidlandHome values and supply on the up and up in Midlandhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=40952014-05-29T09:26:00Z2014-05-29T06:15:00Z

MIDLAND - April home values were up by 4.7 percent year-over-year in Midland, marking the 11th consecutive month of growth.

The median price of homes sold last month was $227,000, according to data published by the Real Estate Center at Texas A&M University.

Home values have not dropped year-over-year in Midland since May 2013, when the median price dipped $1,000 from May 2012, a decrease of less than 1 percent. The center’s data include single-family homes, townhouses and condominiums.

Midland now boasts the fifth highest home value across the Lone Star State, falling one spot from March. Fort Bend County, near Houston, had the highest April median price, at $258,400, the Real Estate Center’s data show.

Additionally, the supply of Midland homes on the market in April 2014 grew by nearly 57 percent year-over-year. The center reported 546 listings, the most since September 2012, when 551 homes were on the market.

Five Highest April Median Home Values in Texas
Fort Bend County $258,400
Collin County $257,100
Montgomery County $231,200
Austin $237,600
Midland $227,000

Read more at the Midland Reporter-Telegram.

Midland Reporter-Telegram
http://www.mrt.com/top_stories/article_6907994a-e252-11e3-a013-0019bb2963f4.htmlRead more at {Source}

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