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 the homes sold for more; half for less.) 1,933 sales were reported for July 2017.”
The reported July volume of $489,747,026 reflects a 9% increase from the July 2016 volume due to higher median prices and more sales. (read more)