New Mexico home sales drop from 2018, but Santa Fe remains strong
Home sales statewide in September kept New Mexico on track for its second-best year — behind 2018 — since the New Mexico Association of Realtors started keeping sales records in 2008.
The September median sale price statewide remained steady from August to September at about $221,000, an increase from $199,000 in September 2018. Santa Fe median prices, however, jumped from $390,000 to $405,000 from August to September and soared from $356,567 in September 2018, association statistics show.
The year-to-date median price across the state is at $215,000, a $15,000 increase over last year, while the year-to-date median in Santa Fe reached $387,800, a $27,800 increase over last year.
The association notes the trends and numbers reported are only a snapshot of market activity. The New Mexico Association of Realtors publishes statistics on a monthly basis, while the Santa Fe Association of Realtors publishes quarterly statistics.
Tribune Content Agency