Numbers reported to the REALTORS Association of New Mexico indicate 3,949 properties have sold in the state during the first three months of 2016. This represents a 7% increase over numbers reported for first quarter 2015 when total sales were 3,686.
“There’s more good news for sellers too,” says Pat Fell, 2016 RANM President. “Median prices continue to rise. The 2016 first quarter median was $175,000. This compares to $169,300 for first quarter 2015.” Median price indicates half the properties sold for more, half for less.