Mid-year housing review shows (____) on topMid-year housing review shows (____) on tophttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=177212017-09-19T05:00:00Z2017-09-19T21:45:00Z

​​​​​House for sale in MidlandMIDLAND – The Texas Association of Realtors’ mid-year review​ shows Midland is the most expensive city in West Texas and comparable to larger metropolitan areas in the state.

The review indicated the median price for a home sold between January and June 2017 was $246,000, 5.1 percent higher than last year.

That median price was higher than the median price in Odessa ($170,000), San Angelo ($165,000), Amarillo ($163,700), Lubbock ($155,000), Abilene ($152,000) and El Paso ($146,904).

Midland’s median price was greater than the median price of a home sold in the state during the same period ($221,000). 

It was also higher than the median price in San Antonio ($210,000) and Houston ($229,000) but lower than Dallas/Fort Worth ($254,269) and Austin ($295,000).

Other notables from the report included:

  • The number of active listings (484) was down 26.8 percent from 2016.
  • The months of inventory (2.7) was down 1.3 months from June 2016.
  • The average days a home sold stayed on the market was 54 days, down two days compared to 2016.
  • The price per sf of a home sold increased 3.4 percent from 2016 to $123.

The report also showed 1,388 homes sold in Midland, which was a 39.6 percent increase from the same period in 2016. 

Midland Reporter-Telegram
http://www.mrt.com/news/article/Median-home-price-in-Midland-outpaces-region-12184090.phpRead the full article at the {Source}

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