October 2015 sales number are down slightly from those reported to the REALTORS Association of New Mexico (RANM) in October 2014, however, the median price is up over 6%. (Median price indicates half the properties sold for more and half for less.)
“The strong October showing in increased median prices means New Mexico’s housing market remains strong as the dollar volume for October 2015 is nearly 2% higher than that reported in 2014,” says Baro Shalizi, 2015 RANM President. “The reported 2015 October dollar volume is $362,308,141. And, while October 2015 sales numbers may be down slightly from 2014, year to date, the state-wide sales number is 10% higher than that reported last year for the first ten months of the year.”