Homes in Riverbend are taking longer to sell in this rolling three-month view, with the median days on market up to 55 days, a sharp increase from much quicker selling periods seen last year. This slower pace stands out compared with the broader El Paso market, where months of supply is leaner at 2.8 versus Riverbend’s 4 months of supply.
Prices, however, are moving in the opposite direction of the pace. The typical home value over the period has climbed to around $318,000, up strongly year over year, while the median list price is also higher than a year ago. Even with this price growth, sellers are getting close to what they ask, as the average sale-to-list ratio is about 98 percent.
Inventory and activity levels show why conditions feel more balanced than in past years. Active listings are down more than 20 percent from a year ago, and homes sold have fallen by over half, indicating fewer completed deals in the neighborhood. Months of supply has risen substantially year over year, suggesting buyers have more options than they did during previous tight periods. With homes sitting longer and pricing still elevated, both buyers and sellers in Riverbend can benefit from Agent Pronto’s help in finding a local agent who understands these shifting dynamics.
