Midland Texas Making News Due to Low Inventory. Yikes!
By Virginia Elizondo, Broker Owner, Midland Tx 432-349-7782
(Elizondo Real Estate Brokerage Midland TX )
The Real Estate Center at Texas A&M,http://recenter.tamu.edu/recon/, recently wrote and article about Midland, Texas and it's low inventory of houses for sale. This morning's inventory count 187 active listings for Midland County. We have not seen this type of shortage in many years. Last year around this time we had about 360 properties listed. I remember this time last year 360 listings was considered a shortage. The city has issued more building permits for new homes than any other year. Buyers who are aggressively looking have to act quickly. As Realtors it is like a race to see who gets to show the house first and who can submit their offer the fastest. There are hardly any rentals available. Sellers are getting at least 97% of market value and the the average day on the market ...
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