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Las Cruces Real Estate | Market Stats: May 15-22, 2022

Posted by Zane and Kayla Fikany on Monday, May 23, 2022 at 4:25 PM By Zane and Kayla Fikany / May 23, 2022 Comment

Happy Monday! We are following the market even more closely than normal with interest rates on the rise. We saw a 12% increase in new listings and an 11% increase in active homes on the market from last Monday to today. What does this mean? This means a slight break for buyers with more homes to look at, less offers to compete against. The average sales price is only slightly down, we mean like $1000 down so not a huge difference. We also put less homes under contract than last week which is also helping the inventory to slowly creep up. Please reach out if you have any questions!

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Zane & Kayla Fikany
(575) 449-7011
[email protected]
[email protected]