Q: Has COVID-19 Impacted the El Paso Real Estate Market?
As a matter of public opinion, it’s thought that we’ll soon be going through a housing recession. That may well be the case in the future, but as of right now, COVID-19 hasn’t really negatively affected the El Paso Market. In fact, we’re actually moving our seller’s market in a positive direction.
When inventory is as low as ours, home prices tend to be higher, and that’s definitely been the case for the El Paso market. Houses are staying on the market for shorter periods and often receive multiple offers upon being listed.
In short, COVID-19 hasn’t slowed us down so far, but we’ll keep you as up to date as possible with future posts. In the meantime, don’t hesitate to reach out to us with any questions you have. We’re always here for you.