July 2017 median sales price and number of sales reported to the REALTORS Association of New Mexico (RANM) continue to out-pace those numbers reported in 2016. Victoria Murphy, 2017 RANM President, says “July’s reported median price of $195,000 is just over 4% higher than the median reported for July 2016. (Median price indicates that half [...]
July 18, 2017 (Santa Fe, NM) - The median price of a New Mexico property continues to rise. June’s $197,000 median is the highest reported since the REALTORS Association of New Mexico (RANM) started keeping state-wide statistics in 2008. “May set records for number of monthly sales at 2,237. Even though June’s total was 7% [...]
June 17, 2017 (Santa Fe, NM) - Nearly 20% more properties sold in May 2017 than May 2016 according to the latest numbers reported to the REALTORS® Association of New Mexico (RANM). “2,195 sales were reported to RANM for May 2017. Seventeen counties reported increases in sales this May compared to May 2016, with San [...]
May 17, 2016 (Santa Fe, NM) - The median price reported to the REALTORS® Association of New Mexico (RANM) for the month of April was $192,000, which is nearly 4% higher than the March 2017 median and over 6% higher than the April 2016 median. "Inventories continue to be low in many areas, which contributes [...]
May 10, 2016 (Santa Fe, NM) - In accordance with RPAC-NM Bylaws, this message serves as official notification of upcoming vacancies for RPAC-NM Trustee positions. Be advised four (4) RPAC-NM Trustee terms will end on December 31, 2017. The terms of those Trustees and the Districts they represent are shown below. Note that all current [...]
The New Mexico Real Estate Commission rule changes included an increase from 30 to 36 hours of continuing education to renew your license. See NMREC's website for a cheat sheet on new CE requirements and the 2017-2018 E-Rule Book: www.rld.state.nm.us/boards/Real_Estate_Commission.aspx.
November 18, 2016 - The majority of counties reporting sales to the REALTORS® Association of New Mexico (RANM) for the month of October showed fewer sales compared to October of 2015; however, median prices are two percent higher. According to Patricia Fell, 2016 RANM President, "Even with low inventories in many areas, static job growth, [...]
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October 18, 2016 - "September sales reported to the REALTORS® Association of New Mexico (RANM), bring the year to date total sales to 15,101, the highest number since RANM started keeping statistics in 2008," according to Patricia Fell, 2016 RANM President. "Median prices also continue to increase over previous years, keeping 2016 on track for [...]
September 27, 2016 - The latest existing home sales data released by the NATIONAL ASSOCIATION OF REALTORS® show a softening in August sales compared to those reported in July, while New Mexico sales show a 5.5% growth over numbers reported for last month. According to Patricia Fell, 2016 REALTORS® Association of New Mexico (RANM) President, [...]