How're you adjusting to the time change? Maybe some Monday Market Stats will perk you up?
This past week saw trends stabilize a bit with a number of the stats we track - including the number of new and active listings - remaining relatively constant.
Compared to last week, Active Listings only saw an increase of 0.6% to 183 homes. New Listings went up slightly to 62 homes, which is around a 5% increase. The Percent of Original List Price that sellers are receiving is also hovering at just shy of 99%, which is great! We also saw the Average Sales Price go down again, but only slightly, to $227,966.
Our other movers this week were Pending Sales, Homes Sold, and Average Days to Contract. Of the three, the number of homes sold was our biggest mover with a significant decrease to 32 homes, which is 37% less than last week! Pending Sales saw a smaller decrease, only 7.1%, which puts it to 53 homes. The Average Days to Contract experienced an increase up to 29 days, which is 7.5% longer than last week. This number can move a bit week-to-week, but we prefer it to stay on the shorter side.
Be sure to check back next week for more Las Cruces Real Estate Market Stats!
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