Las Cruces Real Estate Market Report for July 2013 Show Increase Median Sale Price
Real estate market data for Las Cruces, N.M. provided by Jeffrey Stevens of Keller Williams Realty.
Las Cruces Home Prices
We have seen a steady increase in home prices in the Las Cruces, N.M. area in the past 12 months and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Las Cruces but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, with interest rates still at record lows, now is the time to purchase the home of your dreams. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Las Cruces home on which you are making an offer.
If you are interested in current inventory in Las Cruces, NM you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in the Las Cruces area, homes have a median time of 124 days on the market before they sell. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. I wouldn't expect home prices to increase to record levels like we've seen in the past, as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse.
Las Cruces Real Estate Market Report Summary
The median list price July 2013 for single family homes in Las Cruces is $163,000. This is an increase from July 2012 of $17,600 or 12.1%.
The number of houses sold July 2013 was 107 ranging in price from $68,000 to $800,000. This is a slight decrease from last year by 10 units or 8.5%
The average days on market of sold houses was 115 ranging in price from $54,000 to $599,000. This is an increase from this time last year of 12 days or 11.7%
Find Homes for Sale in Las Cruces NM
Visit my website to search for homes in Las Cruces.
To find out what you home is worth in the current market contact me by clicking here or call 575-496-8070
Comments(10)