Modest Gains for El Paso Home Values

Dated: August 24 2012

Views: 6943

Home prices are up in El Paso, according to the latest data from the National Association of Realtors.

El Paso’s median home price jumped to $135,000 in the second quarter, up 1.9 percent over the same quarter in 2011. The increase was more modest than in other Southwest cities such as Albuquerque and Phoenix, where home values increased 4.5 and 29 percent, respectively.

While the national median home price, at $181,500, had its strongest year-over-year increase since first quarter 2006, it still remains 20.1 percent below its 2006 record.

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