El Paso's real estate market in 2014 was a bit like running on a treadmill.  There was a lot of activity, but we didn't get anywhere.  5% more homes sold than the previous year, but the median sales price remained unchanged at $140,000.  The average days for a home to sell was 70 days, which is very good - and when homes sold, they sold for 97% of the list price.

How will 2015 be?  It looks like it will get off to a fast start because 21% more homes went pending in December 2014 than in December 2013. 

Interest rates remain extremely low, which along with the low sales prices, should be the formula for another active year.