El Paso sees increase in home sales from February and March ‘08
April 24, 2009
El Paso saw 425 home sales in March 2009. This is a 1.4 percent increase from last March, and almost 100 homes over February 2009. March 2009 lost 30.6 percent of sales from March 2007. Although as a snapshot, the 425 sales seem positive, when one takes a look at three years worth of data, it is clear El Paso will still need a lot more sales to be in recovery.
The mean and median home prices are up over February 2009. The average price for March 2009, was $154,500. This was 2.2 percent lower than March 2008. The median price was $133,500, which is $2600 more than February 2009, and 3.7 percent higher than March 2008.
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