“If January is an indication of what to expect, 2017 promises to be another record-breaking year for home sales and median prices in New Mexico,” according to Victoria Murphy of Santa Fe, 2017 President of the REALTORS Association of New Mexico (RANM). “Reported January sales are nearly 10% higher than last year while median prices also continue to climb.”
1,260 sales were reported in January, compared to 1,147 in January 2016. Of the 28 New Mexico counties reporting sales last month, 19 reported an increase in numbers over January 2016.
The reported January 2017 median price was $183,750, 7.5% higher than January’s 2016’s median of $171,000.