Victoria_Printz

Midland’s housing inventory continues to tighten amidst influx of buyers, including nearly 170 families currently relocating with Anadarko Petroleum Corporation.

The Midland Reporter-Telegram recently cited a 10-year record high for March with 231 homes sold at $66.458 million, compared to $40.934 million homes sold in the most active February going back five years.

This news is no surprise to Victoria Printz – top producing real estate agent serving Midland area residents since 1995.

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Photo: Jeff Caldwell

Is the sun setting on Midland home price growth? Not according to Local Market Monitor’s forecast. (Photo: Jeff Caldwell)

Local Market Monitor‘s forecast for the Midland-Odessa areas show sustained optimism and growth for the next three years, with home prices growing 8 percent in both West Texas cities despite job losses in the area. The report, which covers statistics from Dec. 2014, states that both Midland and Odessa are considered “low risk” markets for investment, with prices expected to increase up to 10 percent year-over-year through 2018, increasing up to 30 percent in Midland and 26 percent in Odessa during that three-year period.

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