Every Month the Greater McAllen Association of REALTORS® (GMAR) in partnership with the Texas Association of REALTORS® (TAR) put together a report that shows what the real estate market is looking like in Major Cities across the Valley! The “Trinity” if you will of Valley cities, McAllen, Edinburg and Mission, as a whole reported an increase of 7% of Median Home Price from October of last year. These are reports are a great tool to get an insight look of how the market is performing whether you are looking to buy or sell. Home price is a double-edged sword in real estate while it may appear diserable to homebuyers, prices may discourage home sellers from putting their home on their market. In McAllen alone there was 15% increase in Median Home Price reaching $144,000 as an area mean. On average McAllen Homes are listed for 90 days in average before they are sold which is a 6 day approvement from October 2014. McAllen seems to be the place where real estate is booming, on the other side of the Valley though Donna as increased 39% in Median Home Price and all homes were listed at $199,999 or less. Overall the Valley market is continously growing and hopefully see this continuous growth.
Click on the links below to see the reports for all cities recorderd by TAR!