El Paso, TX - Latest New Home Sales Stay Level
Posted on: Apr 09, 2012 07:24:45 PM
New home sales in the El Paso, TX market were unchanged year-over-year in December, staying flat after advancing year-over-year in November from the year earlier. Sales remained level at none from a year earlier after the figure moved from none in November 2010 to one in November 2011.
A total of two new homes were sold during the 12 months that ended in December, equal to the number of new homes sold for the year that ended in November.
After dropping in November from a year earlier, sales of new and existing homes grew year-over-year in December.
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Other Market Trends
Foreclosures and real estate owned (REO) sales continued to fall from a year earlier in December, but did not look to be a burden on the market. Out of all existing home sales, foreclosures combined with REO sales represented 1.1% of sales, below 14.5% a year earlier. The percentage of existing home sales involving foreclosures declined to no part in December from 2.9% a year earlier while REO sales as a percentage of existing home sales declined to 1.1% from 11.6% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
El Paso, TX - Latest New Home Sales Stay Level
Posted on: Apr 09, 2012 07:24:45 PM
New home sales in the El Paso, TX market were unchanged year-over-year in December, staying flat after advancing year-over-year in November from the year earlier. Sales remained level at none from a year earlier after the figure moved from none in November 2010 to one in November 2011.
A total of two new homes were sold during the 12 months that ended in December, equal to the number of new homes sold for the year that ended in November.
After dropping in November from a year earlier, sales of new and existing homes grew year-over-year in December.
Other Market Trends
Foreclosures and real estate owned (REO) sales continued to fall from a year earlier in December, but did not look to be a burden on the market. Out of all existing home sales, foreclosures combined with REO sales represented 1.1% of sales, below 14.5% a year earlier. The percentage of existing home sales involving foreclosures declined to no part in December from 2.9% a year earlier while REO sales as a percentage of existing home sales declined to 1.1% from 11.6% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence