Midland and Odessa Have A New Median Multiple, Homes Considered Affordable In Growing Market

By |2019-04-21T08:34:45-05:00April 15th, 2019|Buyers, Home Buying, Home Selling, Midland 1st Choice, Midland Texas, Midland Texas Christmas, Midland Texas Real Estate, Odessa, Oil and Gas Industry, Real Estate Market Update, Sellers|

An online housing area study shows Midland and Odessa both have a new median multiple of 2.7 years. But what does that mean? The median multiple is considered the number of years it would take the median income in a real estate market to pay off the median home price. So, in Odessa and Midland [...]