Longview, TX (Longview News-Journal) — Longview-area home prices continued a string of steady increases in April and May, but didn’t rise at the torrid pace seen across the nation.
According to information from the Longview Area Association of Realtors, the average price of a home sold during April was $164,861, up more than 4 percent from a year earlier.
That paled in comparison to big price increases seen nationwide. According to a report issued this past week, home prices in April soared 12.1 percent from a year earlier. That was the biggest monthly gain since February 2006.
But the Longview-area increases have been steadily increasing this year, shows data from the association’s Multiple Listing Service.
In May, area prices rose to $171,169. That continued a five-month string of average price increases in the Realtors’ Longview market area.
Continue reading this story from KETk newspaper partner the Longview News-Journal here.