Texas Real Estate with Mario Sosa (2024)

June 24, 2024

Navigating West Side El Paso’s Hot Real Estate Market: Key Insights for Sellers If you're considering selling your property on the west side of El Paso, Texas, understanding the current market trends can give you a significant advantage. Here’s a breakdown of crucial metrics that will help you make informed decisions and potentially maximize your sale. Low Inventory Levels The Months Supply of Inventory currently stands at 2.33 . This figure indicates a low number of homes available for sale relative to the high demand from buyers. In a market with such scarcity, sellers often find themselves in a favorable position, as the limited supply can drive up property prices and create a competitive atmosphere among buyers. Market Trends: Inventory Increase Interestingly, the 12-Month Change in Months of Inventory has surged by +62.94% . While this significant increase suggests a trend towards a more balanced market with more homes becoming available, it still points to a seller's ma

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June 11, 2024

Hey there, future homeowners and savvy investors! Are you ready to dive into the exciting world of multifamily real estate? Whether you're a first-time buyer or a seasoned investor, understanding key market metrics can make a world of difference in your property search. Let’s break down these metrics so you can navigate the market with confidence and ease. 1. Months Supply of Inventory First up, let's talk about the Months Supply of Inventory, which is currently at 3.6. What does this mean for you? Simply put, it indicates a relatively low supply of homes on the market compared to the demand. Think of it as a seller's market – properties are in demand and competition among buyers can be fierce. So, if you spot a gem, be ready to act quickly! 2. 12-Month Change in Months of Inventory Next, we have the 12-Month Change in Months of Inventory, showing a whopping increase of +55.17%. This significant jump means more homes have become available over the past year. For buyers, thi

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June 10, 2024

Unlocking El Paso's Real Estate Secrets: Key Metrics for Buyers and Sellers Hey there, El Paso real estate enthusiasts! Whether you're buying or selling, understanding the market is your golden ticket. Let's dive into some crucial metrics that reveal the pulse of our housing market. Months Supply of Inventory: Think of this as the market's heartbeat. At 3.01 months, it means if no new homes were listed, we'd sell out in just over three months. A lower number screams "seller's market," while a higher one whispers "buyer's market." Right now, it's a balanced dance. 12-Month Change in Months of Inventory : An increase of +13.58% over the past year hints at rising inventory. Is the pendulum swinging towards a buyer's market? Time will tell, but it’s something to keep an eye on! Median Days Homes are On the Market: Homes are getting snapped up in just 17 days! This quick turnaround could be due to high demand, spot-on pricing, or sim

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June 07, 2024

Dive into Key Market Metrics and Get Ready to Pounce on Your Dream Home! Hey there, future El Paso homeowners! Ready to dive into the wild world of real estate? Grab your snorkel and let's explore some key market metrics that'll help you navigate the current trends and snag that dream home! First stop: Months Supply of Inventory. At a comfy 3.01 months, this means if no new homes hit the market, we'd be sold out in just over three months. Talk about a hot market! Next, check out the 12-Month Change in Months of Inventory. It's up by 13.58%, signaling a touch more competition. More buyers are jumping into the fray, so get your game face on! Now, let's talk speed. The Median Days Homes are On the Market is a lightning-fast 17 days. Found a home you love? Don't wait—blink and you might miss it! Here's a cool stat: the List to Sold Price Percentage is a whopping 99.3%. Homes are selling for nearly their full asking price.

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June 06, 2024

Understanding Real Estate Metrics: A Guide for Sellers Welcome El Paso Sellers to the June 6, 2024 - Market Update As a seller, understanding various real estate metrics is crucial for making informed decisions when listing your property. Let's dive into some key indicators and what they mean for you. 1. Months Supply of Inventory The Months Supply of Inventory is a key indicator of the balance between supply and demand in the market. Currently, we have 3.03 months of inventory, suggesting a relatively balanced market with neither an oversupply nor a shortage of ho mes. 2. 12-Month Change in Inventory The 12-month change in months of inventory has increased by +12.64%. This could mean more properties are being listed, or there is a slight decrease in buyer demand, potentially leading to longer market times for your property. 3. Median Days on the Market Homes are spending a median of just 17 days on the market, which is a great sign for sellers. A quick turnaround time indicate

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