2020’s New Mexico Housing Market ended with sales numbers higher than every year since 2008 (when the New Mexico Association of REALTORS (NMAR) began keeping state-wide statistics) except 2018, which was an off-the-charts year for the state’s real estate market. Read the full news release here.
NMAR Members at Large and Secondary Members can now access their outstanding invoices through the NAR secure payment portal. NMAR is no longer accepting checks as method of payment, so please save the link (with credentials) to your favorites, as this is how you will access your NMAR invoice annually. NOTE: If you do not [...]
Register now for the upcoming NMAR Winter Legal Update 2021, which takes place by Zoom Webinar, January 7, 2021 from 9:00 a.m. to 12:00 p.m. and earn 3 CE. NMAR's General Counsel, Ashley Strauss-Martin Esq will be covering the following topics, during this free three (3) Zoom Webinar: Latest on Governor and Public Health Orders [...]
Sales numbers reported to the New Mexico Association of REALTORS (NMAR) for November 2020 continue to break records reported for all years except 2018 since NMAR began keeping records in 2008. “2018 was a phenomenal year for the New Mexico real estate industry. In 2019 the market slowed some, but showed numbers higher than 2008 through [...]
Under the most recent Public Health Order, effective December 2, 2020 (“Order”), real estate falls within the “All Other Businesses” category, which allows brokers and brokerages to continue to conduct business. Click here to read the summary.
Our office is closed November 26-27, 2020 in observance of the Thanksgiving holiday. Happy Thanksgiving and please stay safe.
The Legal Hotline will be closed the week of December 7, 2020 (December 7-11, 2020). If you have any questions or need further assistance, please contact NMAR at 505-982-2442 or 800-224-2282. You can also find Legal Updates and Resources on our website at www.nmrealtor.com.
2,431 October sales were reported to NMAR while median prices continued their climb setting another new record high. The October median was $259,900. Nearly one third of New Mexico’s counties reported numbers below the statewide average of 58 days on market. Los Alamos County continues to report the quickest sales time – 14 days, with [...]
On November 13, 2020, Governor Lujan Grisham and state health officials issued a new public health order (Order). Among other things, the Order directed all businesses and non-profit entities, except those entities defined as “essential businesses,” to reduce the in-person workforce at each business location by 100%. “Essential businesses” were permitted to remain open, provided they [...]
While every day there are reports of the negative effect the pandemic is having on the economy, the real estate industry continues to be a boon to New Mexico’s COVID-19 economy. James Russ II, 2020 New Mexico Association of REALTORS (NMAR) President reports, “The 2,449 reported September sales brings the 2020 year-to-date total to...click here [...]