New Mexico’s April housing trends show a slight drop in activity in April (compared to March) with an increase in median price.
In April, 1,376 properties were reported as sold to the REALTORS Association of New Mexico (RANM). This is 2.3% less than the number of sales reported for March 2014; however, the April median price of $170,000 is 1.2% higher than the March 2014 median of $168,000. Median price indicates half the properties sold for more and half for less.