New Mexico Housing Market
Home prices in New-Mexico were up 3.6% year-over-year in September. At the same time, the number of homes sold fell 8.6% and the number of homes for sale rose 21.3%.
Home prices in New-Mexico were up 3.6% year-over-year in September. At the same time, the number of homes sold fell 8.6% and the number of homes for sale rose 21.3%.
What is the housing market like right now?
The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable. The median price of a home in the United States is currently $374,700.
Are there enough homes for sale to meet buyer demand?
The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. They can also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. There are currently 4,898 residential homes for sale in the United States.