Not even the drop in oil prices has stopped the enthusiasm in the Permian Basin. The economy is still booming. The Permian Basin’s output will continue to expand. Cost-reducing advances in technology means that over the next five years, U.S. oil production should be about equal to the production of oil in Russia and Saudi Arabia combined. The region is anticipating generating an average of 3.9 million barrels per day! This basin reaches across 75,000 miles of ranchland in New Mexico and here in West Texas. With the surge of oil-field workers looking for housing, it’s still an excellent time to sell your Midland, Texas home.
Our increasing ability to access U.S. oil is making our area quite wealthy. Across the Permian, you can find work that pays very well, even if you’re not in the oil industry. Even gas stations and restaurants are offering $15-per-hour to new hires and are offering 401(k) benefits! Midland is doing very well. If you’ve been considering selling your Midland home, contact us right away. We will work to get you an excellent return on your home investment.
Now Is The Time To Sell In Midland, Texas
Right now, the median home value in Midland is $248,800. In the last year, sale prices have risen by almost a fifth. Still, the values are not expected to keep climbing over this next year. That’s why now is the time to sell. The median listing price of homes that are currently listed in Midland is $319,500. Don’t delay! Contact us today. Analysts expect Midland home prices to start settling back down. There’s an anticipate drop of 3.1 percent in home value is expected in 2019. Don’t leave thousands of dollars of your equity behind, call us today.
Are You Buying a Home in Midland?
The Underwood Group is a team of top real estate professionals in Midland. We know Midland real estate, so if you’re thinking about buying with this kind of market, you’ll absolutely need our expertise. Call our team of Midland real estate agents at 432-698-0411 today.
If you’re looking for a new home, search by school district or search Midland real estate listings by price:
- Midland homes for sale between $150,000 and $200,000
- Midland homes for sale between $200,000 and $225,000
- Midland homes for sale between $225,000 and $300,000
- Midland homes for sale between $300,000 and $400,000
- Midland homes for sale between $400,000 and $500,000
- Midland homes for sale between $500,000 and $750,000
- Midland homes for sale between $750,000 and $1 million
- Midland homes for sale over $1 million
Hoping To Sell A Home In Midland?
It won’t be hard to sell your Midland home, but when you choose to list your house with us, our experience can help ensure that you get the highest return on your investment! Plus, Midland 1st Choice Real Estate offers a Free Market Analysis to clients. This free analysis provides our clients with the best comparative value by looking at similarly featured home recently listed and sold.
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