July 9, 2018 Comments Off on Texas’ Hottest Real Estate Market Might Surprise You Views: 4073 Texas News, Top Texas

Texas’ Hottest Real Estate Market Might Surprise You

Realtor.com released its list for the hottest single-family real estate markets in the nation. Topping the metros in June 2018 was . . . Midland, TX. The West Texas metro took its top spot out of 300 metros in the U.S., thanks to the fact that median days on the market is 28.5 days. Meanwhile, inventory is moving 25% faster year over year.

Midland also received Realtor.com’s top honors in May 2018, with the metrics based on the time it takes to sell a house, and the number of folks looking for property. Lawrence Yun, chief economist with the National Association of Realtors, told the Dallas Morning News that Midland’s job growth of 11% in the past 12 months is one reason for the metro’s top spot on the hotness index.

Read More at Realtor.com

Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Tags: ,

Comments are closed.