2023, 2023, What's the Real Estate Market Gonna Be?

What was the El Paso real estate market expected to do in 2023? Heading into the year, the big questions were whether prices would drop and how high mortgage rates would push monthly payments.

In this short market look-ahead, the conversation centers on the question buyers kept asking as 2023 opened: are prices coming down? For the current month-by-month El Paso numbers, check our market page below.