According to Patricia Fell, Realtors Association of New Mexico President, both number of sales and total dollar volume produced for the second quarter of 2016 show increases over numbers reported for the second quarters in 2015 and 2015.
The 2016 New Mexico home median price of $182,000 is now the highest reported since 2008.
According to Totsie Slover, President of the Deming-Luna County Board of Realtors, the second quarter statistics for the Deming and Luna County area have been released. Local 2014 home sales were 45 homes… 2015 home sales were 30 homes, and 2016 local home sales were 46 homes.
Slover said the median price is also improving in our area. In 2014 the median price was $78,000… in 2015 it was $75,000 and in 2016 the median price locally was $85,000.
The trends and numbers reported are only a snapshot of market activity. If you are interested in buying or selling, consult a Realtor familiar with your local market area. He/she can provide information on specific trends in your local neighborhood.