Midland, TX housing market

More than a quarter of Midland listings have already cut their price, and that tells you where the real negotiating power sits right now. About 27 percent of active homes have taken a reduction, which is a sign that plenty of sellers came out too high and had to adjust. Part of the reason is a wide gap between asking and reality. The median list price is around four hundred seven thousand dollars, while the typical home value is closer to three hundred fifty-six thousand dollars, up only about 2 percent over the past year. That modest gain means buyers are not chasing prices, and they know it. There are roughly 600 homes for sale, with about 258 new listings hitting the market, so buyers have options to compare. Homes are taking around 43 days to sell, which gives shoppers time to negotiate. If you are selling in Midland, price it right from day one. Overprice, and you will likely join the group cutting later, from a weaker position.