THE HOUSING MARKET IS PRETTY HOT RIGHT NOW ACROSS THE STATE. THE REALTORS ASSOCIATION OF NEW MEXICO SAYS HOME SALES IN MARCH TOPPED THE 27-HUNDRED MARK…A 35 PERCENT INCREASE FROM A YEAR AGO…AND THE HIGHEST NUMBER SINCE THE ASSOCIATION STARTED KEEPING STATEWIDE STATISTICS IN 2008.
THE ASSOCIATION’S PRESIDENT-ELECT PAUL WILSON SAYS, IF PRICED RIGHT, HOMES ARE BEING SNAPPED UP ALMOST IMMEDIATELY. IN MANY CASES, THERE ARE MULTIPLE OFFERS ON HOUSES FOR SALE, DRIVING UP PRICES.
THE MEDIAN PRICE OF A HOME INCREASED TO 198-THOUSAND DOLLARS LAST MONTH…AND THE AVERAGE NUMBER OF DAYS ON THE MARKET FELL TO 78.
