Tag Archives: new mexico


2014 RANM OFFICERS
Sandylee Pasquale, President Baro Shalizi, ABR,CIPS, e-Pro, President Elect
Patricia Fell, CRS, GRI, e-Pro, Treasurer Cathy Colvin, CRS, Immediate Past President
M. Steven Anaya, Chief Executive Officer
The Voice for Real Estate in New Mexico

Contact: M. Steven Anaya, 800-224-2282
2014 October Sales Outpace September 2014 and October 2012 and 2013 Numbers
1,542 Sales were reported to the REALTORS Association of New Mexico (RANM) for the month of October 2014. This number is 3.4% higher than sales numbers reported in September 2014 (1,491); 3.4% higher than sales reported in October 2013 (1,492) and 4.8% higher than the number of sales reported in October 2012 (1,424).
“October activity plus continued low interest rates should mean the housing market in New Mexico will end 2014 on a positive note,” says Sandylee Pasquale, RANM 2014 President. “Year to date sales numbers are slightly ahead of 2013 January through October numbers, but the big jump from September 2014 bodes well for the trends. First-time home buyers are still missing from the real estate marketplace. Relaxation in overly restrictive lending standards will bring the first-time home buyer back.” NAR and RANM leadership will continue to work with leaders in Washington to continue to open doors for more buyers including First Time home buyers.
The October median price for a home in New Mexico was $178,000. This is a less than one percent decline from the September 2014 median, but is 4.7% higher than the October 2013 median of $170,000. Median price means half the homes sold for more; half for less.
Steven Anaya, RANM CEO, explains, “Even with the small decrease in median prices in October, the increase in number of sales over September 2014 results in a volume of $350,932,396 generated from real estate activity. This is a 4.6% increase over September’s volume.”
“Distressed properties and foreclosures are still effecting New Mexico’s real estate market,” adds Pasquale. “A recent report from the NATIONAL ASSOCIATION OF REALTORS showed distressed properties sold at an average 14% discount.”
The trends and numbers reported are only a snapshot of market activity. If you are interested in buying or selling, consult a REALTOR familiar with your market area; he/she can provide information on specific trends in your neighborhood.”
Statistical information and trends are based on information furnished by New Mexico Member Boards and MLSs to U. S. House Stats. Current reporting participants are: Greater Albuquerque Association of REALTORS, Las Cruces Association of REALTORS MLIS, New Mexico Multi-Board MLS (Artesia, Carlsbad, Clovis/Portales, Deming, Gallup, Grants, Hobbs, Las Vegas, Sierra County areas), Otero County Board of REALTORS, Roswell Association of REALTORS, Ruidoso/Lincoln County Association of REALTORS, Santa Fe Association of REALTORS, San Juan County Board of REALTORS, Silver City Regional Association of REALTORS, and the Taos County Association of REALTORS. Reports represent single family residential data only. Information does not necessarily represent all activity in any market/county. Figures based on reports run 11/18/14. Visit http://www.nmrealtor.com (housing trends) for county and board statistics.
The REALTORS Association of New Mexico is one of the state’s largest trade associations, representing over 5,500 members involved in all aspects of the residential and commercial real estate market.
2201 Brothers Road Santa Fe, NM 87505 505-982-2442 505-983-8809 Fax http://www.nmrealtor.com

Sold stats Deming, NM Jan 2013

The sold stats from the local MLS seem to be in line with the state…we sold more residential properties in January, 2013 than in January, 2012 but for a little less money.  In January, 2013 there were 11 residential properties sold for a Total Price of $1,224,884 with an Average Price of $111,353, a Median Price of $110,000 and 219 Average Days On The Market.

In 2012 there were 6 residential properties sold for a Total Price of $801,000 with an Average Price of $133,500, a Median Price of $136,750 and 155 Average Days On The Market.

There are currently 229 residential properties listed for sale in the Deming/Luna County area.  The inventory is out there!  It’s time to buy!  Get qualified at your lender of choice and come see us!!!

January Sales from the REALTORS Assn. of New Mexico

For Immediate Release

Contact: M. Steven Anaya, 800-224-2282

January Home Sales Off and Running

970 home sales were reported to the REALTORS® Association of New Mexico (RANM) for January 2013. This is over 19% more sales than January 2012 and nearly 24% more than the number of sales reported in January 2011. Only four counties reported a drop in the number of sales for January 2013 compared to January 2012.

“What a great way to start 2013,” said Cathy Colvin, RANM President. “Inventories are still low in many markets, but the pent-up demand for homes is creating activity in markets around the state.”

According to RANM CEO M. Steven Anaya, “Prices are still showing decreases from previous years. The good news, however, is that median price decreases are getting smaller with each month. While distressed sales are still high by historical standards, they have fallen from their peaks in most markets, helping to alleviate the downward pressure on home prices in many areas.”

January’s reported median for New Mexico properties was $159,500. While this is just over 4% lower than the January 2011 median of $168,500, it is only 1.1% lower than the January 2012 median of $161,240. Median price indicates half the properties sold for more and half for less.

Tight lending standards, uncertainty in the market, and pending federal legislation still play a role in preventing an unqualified housing recovery. Americans however, still want to call themselves homeowners. A recent NATIONAL ASSOCIATION OF REALTORS® survey showed nearly 60 percent of current renters plan to purchase a home in the next two years.

The trends and numbers reported are only a snapshot of market activity. If you are interested in buying or selling, consult a REALTOR familiar with your market area; he/she can provide information on specific trends in your neighborhood.

Statistical information and trends are based on information furnished by New Mexico Member Boards and MLSs to U. S. House Stats.

Current reporting participants are: Greater Albuquerque Association of REALTORS, Las Cruces Association of REALTORS MLIS, New Mexico Multi-Board MLS (Artesia, Carlsbad, Clovis/Portales, Deming, Gallup, Grants, Hobbs, Las Vegas, Sierra County areas), Otero County Board of REALTORS, Roswell Association of REALTORS, Ruidoso/Lincoln County Association of REALTORS, Santa Fe Association of REALTORS, San Juan County Board of REALTORS, Silver City Regional Association of REALTORS, and the Taos County Association of REALTORS. Reports represent single family residential data only. Information does not necessarily represent all activity in any market/county. Figures based on reports run 2/18/13. Visit http://www.nmrealtor.com (housing trends) for county and board statistics.

The REALTORS Association of New Mexico is one of the state’s largest trade associations, representing over 5,800 members involved in all aspects of the residential and commercial real estate market.

2201 Brothers Road Santa Fe, NM 87505 505-982-2442 800-224-2282 fax 505-983-8809 nmrealtor.com

November stats from the REALTORS Assn. of New Mexico

Year to Date Sales Continue to Improve

2012 sales are on track to be higher than those numbers seen the last five years (RANM started tracking state-wide sales in 2007).  2012 Year to Date Numbers (January through November) reported to the REALTORS Association of New Mexico show 13,884 sales.  As a comparison, January through November numbers for 2007 through 2011:

2007

9,671

2008

13,714

2009

12,804

2010

12,409

2011

12,223

2012 Year to Date median price is identical to the 2011 Year to Date median of $167,000.  Median price indicates half the properties sold for more and half for less.

Seasonal trends are apparent as November sales numbers are down from October – 1,165 reported sales for November, 2012 compared to 1,400 reported sales in October, 2012.  However, November, 2012 numbers are nearly 10% higher than November 2011 when the number of sales was reported at 1,064.

November 2012’s reported median price of $169,000 is slightly lower than the October, 2012 median, but is over 5.5% higher than the reported November 2011 median of $160,000.

“HomeGain’s recent home values survey indicates the majority of real estate professionals expect prices to increase over the next six months,” according to Debbie Rogers, 2012 RANM President.  “Homeowners are less optimistic of short term increases, but the majority thinks home values will increase in the next two years.  Optimism is on the rise, but as all real estate is local, conditions in specific markets may vary from the national trend.”

M. Steven Anaya, RANM CEO cites the REALTORS’ Confidence Index, a survey conducted by the NATIONAL ASSOCIATION OF REALTORS to track expectations about overall market conditions, traffic, price, and issues affecting real estate.  “REALTORS reported the inventory of homes for sale remains very tight, resulting in multi-bidding in some cases.  REOs and other properties do not appear to be coming on market sufficiently to meet demand, while sellers are also waiting for prices to pick up further.  Listings for properties that are in good condition are reported as receiving multiple offers.  Investors are snapping up REOs, paying cash.”

The trends and numbers reported are only a snapshot of market activity.  If you are interested in buying or selling, consult a REALTOR familiar with your market area; he/she can provide information on specific trends in your neighborhood.

Diane Moehlenbrink, CAE, RCE

Communications, Marketing and Events Director

REALTORS® Association of New Mexico

505-982-2442, ext. 164; fax 505-983-8809

diane@nmrealtor.com

www.nmrealtor.com

 

 

 

Sold Stats from the REALTOR’S ASSN OF NM

Contact:  M. Steven Anaya, 800-224-2282 

Home Sales Trends:  Same Story, October Version 

The latest home sales numbers reported to the REALTORS® Association of New Mexico (RANM) indicate the number of New Mexico sales continues to increase and median prices are leveling off – the same story reported in September.

During October 2012, 1,377 New Mexico sales were reported to RANM.  This number continues the upward trend from recent reports.

October 2012:  1,377 sales reported

September 2012:  1,356 sales reported

October 2011:  1,181 sales reported

October 2010:  998 sales reported

The state wide median price (median price indicates half of the properties sold for more and half for less) continues to hold steady.

October 2012 median:  $170,000

September 2012 median:  $170,000

October 2011 median:  $170,000

October 2012 median:  $174,950

Year to date (January through October 2012) sales numbers show a similar trend with a 13.6 % increase over the same period in 2011.

January through October 2012:  12,681 sales reported

January through October 2011:  11,159 sales reported

January through October 2010:  11,419 sales reported

Year to date median prices for 2012 are not as high as those reported in 2011 or 2010.  Distressed properties are still causing a disproportionate effect on sales prices in New Mexico.

January through October 2012 median:  $167,000

January through October 2011 median:  $168,000

January through October 2010 median:  $174,000

“Nationwide reports from the NATIONAL ASSOCIATION OF REALTORS (NAR) indicate home prices are rising in most areas across the country,” said RANM 2012 President Debbie Rogers.  “Traditionally New Mexico never sees the dramatic highs or lows associated with many areas, and trends here lag national trends by about six months, so our state, while beginning to show signs of stabilization in median prices, has not yet reported the increases many states are already seeing.”

M Steven Anaya, RANM CEO, says there is good news for buyers.  “The latest Housing Affordability Index, a quarterly report that measures the ability of a family earning the median income to purchase a median-priced home, suggests  that the national median priced home was actually slightly more affordable for the median income family in July 2012 than it was in July 2011.  And even as median prices rise, affordability is also based on mortgage rates, which continue to be at record lows for qualified buyers.”

Diane Moehlenbrink, CAE, RCE

Communications, Marketing and Events Director

REALTORS® Association of New Mexico

505-982-2442, ext. 164; fax 505-983-8809

diane@nmrealtor.com

www.nmrealtor.com

 

Millions More Acres of Protected Jaguar Habitat Requested In New Mexico, Arizona

                                                                                                    

For   Immediate Release, October 19, 2012

Contact:   Michael   Robinson, (575) 313-7017

Millions More Acres of Protected Jaguar Habitat Requested   in New Mexico, Arizona

SILVER   CITY, N.M.— In comments submitted to the U.S. Fish and Wildlife   Service today, the Center for Biological Diversity provided evidence that, to   recover in the Southwest, jaguars will require millions more acres of protected   habitat than the roughly 838,000 acres the agency proposed in August. The   additional areas of “critical habitat” identified in the 55-page,   science-based comment document   include the Mogollon Rim of Arizona and New Mexico’s Gila National Forest.   The federal agency must now consider these and other recommendations from the   public and scientists before deciding on its final designation of protected   habitat for jaguars.

”The best   habitat for American jaguars lies in the vast and rugged Gila National Forest   in New Mexico and adjoining pine forests in Arizona,” said Michael Robinson,   the Center’s specialist on jaguars and wolves. “The Fish and Wildlife Service   has a moral duty to protect these special places, where jaguars once lived   and which they should be able to call home again. Recovering jaguars in this   region, so full of wilderness, will bolster the genetic strength of the   struggling jaguar population in northern Mexico, too, helping to ensure that   these great cats will always share our country with us.”

The number   of jaguars in northern Sonora, Mexico was last estimated at 271 animals, in a   population that may be increasingly isolated from other jaguars in Mexico and   is too small to be genetically viable. Small, isolated populations are   vulnerable to inbreeding and loss of the genetic diversity crucial for   adapting to a changing world.

”It’s time   to welcome jaguars back to the Gila,” said Robinson, who has lived and worked   in this rural area for many years. “Jaguars are beautiful animals that belong   here and will help restore the natural balance and health of our woods,   grasslands and mountains.”

Background
Jaguars used to live   across much of the southern United States, but disappeared due to clearing of   forests, draining of wetlands, and hunting and trapping   intended to protect livestock. Since the 1990s jaguars that   are assumed to have come from Mexico have again begun to appear in southern   Arizona and New Mexico.

The Center   for Biological Diversity’s lawsuits and public organizing resulted in   Endangered Species Act protection for the jaguar in the United States in 1997   and in  current efforts to designate critical habitat and develop a   recovery plan.

Critical   habitat designation prohibits federal agencies from harming the landscape   features necessary for an endangered species’ recovery; species with critical   habitat are twice as likely to be recovering as those without it.

The Center for Biological Diversity is a   national, nonprofit conservation organization with more than 450,000 members   and online activists dedicated to the protection of endangered species and   wild places.

 

Sales stat from the REALTORS Assn. of NM

REALTORS Association of New Mexcio2012 RANM OFFICERS
Debbie Rogers CRS, GRI, e-PRO President
Cathy Colvin CRS President-Elect
Sandylee Pasquale, Treasurer
M. Steven Anaya Executive Vice President

For Immediate Release
Contact: M. Steven Anaya, 800-224-2282
Sales Numbers Continue to Increase; Median Prices Show Stabilization

The following numbers have been reported to the REALTORS Association of New Mexico (RANM):

September 2012 sales: 1,333
September 2011 sales: 1,110
September 2010 sales: 1,076
3rd Quarter 2012 sales: 4,193
3rd Quarter 2011 sales: 3,584
3rd Quarter 2010 sales: 3,352
Year to Date* 2012 sales: 11,261
Year to Date* 2011 sales: 9,978
Year to Date* 2010 sales: 10,418

September 2012 median: $170,000
September 2011 median: $170,011
September 2010 median: $180,000
3rd Quarter 2012 median: $170,000
3rd Quarter 2011 median: $170,000
3rd Quarter 2010 median: $179,000
Year to Date* 2012 median: $166,500
Year to Date* 2011 median: $167,500
Year to Date* 2010 median: $174,000

“The continued rise in the number of sales in New Mexico is good news,” says Debbie Rogers, 2012 President of RANM. “And it’s the same old story about median prices. Distressed properties are still affecting the median price of all homes sold. The good news is, the drop in median from the previous reporting period is less each report, indicating market prices are slowly stabilizing.” Median price indicates half of the properties sold for more and half for less.

“While the New Mexico market is seeing a light at the end of the tunnel, appraisals are still creating issues in the state and nationwide,” according to M Steven Anaya, RANM CEO. Anaya cites findings from a recent survey conducted by the NATIONAL ASSOCIATION OF REALTORS (NAR). “While most appraisers are competent and provide good valuations that are compliant with the Uniform Standards of Professional Appraisal Practice, appraisals generally lag market conditions and some changes to the appraisal process have been causing problems in recent years, including the use of out-of-area valuators who lack local expertise, full access to local data, inappropriate comparisons, and excessive lender demands.”

NAR’s national survey revealed 65 percent of REALTORS® surveyed in September report no contract problems relating to home appraisals over the past three months. 11 percent said a contract was cancelled because an appraised value came in below the price negotiated between the buyer and seller, 9 percent reported a contract was delayed, and 15 percent said a contract was renegotiated to a lower sales price as a result of a low valuation. These findings are notable given that homes in many areas are selling for less than replacement construction costs.

Lawrence Yun, NAR chief economist, said there has been a steady level of appraisal issues for quite some time. “Though the real estate recovery is taking place, the combined issues of stringent mortgage lending requirements and appraisal frictions are hampering otherwise qualified buyers from purchasing a home in a timely fashion, and in some cases are preventing them from buying at all,” he said.

The trends and numbers reported are only a snapshot of market activity. If you are interested in buying or selling, consult a REALTOR familiar with your market area; he/she can provide information on specific trends in your neighborhood.

*Year to Date = January through September

Statistical information and trends are based on information furnished by New Mexico Member Boards and MLSs to U. S. House Stats. Current reporting participants are: Greater Albuquerque Association of REALTORS, Las Cruces Association of REALTORS MLIS, New Mexico Multi-Board MLS (Artesia, Carlsbad, Clovis/Portales, Deming, Gallup, Grants, Hobbs, Las Vegas, Sierra County areas), Otero County Board of REALTORS, Roswell Association of REALTORS, Ruidoso/Lincoln County Association of REALTORS, Santa Fe Association of REALTORS, San Juan County Board of REALTORS, Silver City Regional Association of REALTORS, and the Taos County Association of REALTORS. Reports represent single family residential data only. Information does not necessarily represent all activity in any market/county. Figures based on reports run 10/18/12. Visit http://www.nmrealtor.com (housing trends) for county and board statistics.

The REALTORS Association of New Mexico is one of the state’s largest trade associations, representing over 5,500 members involved in all aspects of the residential and commercial real estate market.
2201 Brothers Road Santa Fe, NM 87505 505-982-2442 800-224-2282 fax 505-983-8809 nmrealtor.com

August, 2012 Sales Stats from the Realtor’s Assn. of New Mexico

August New Mexico Home Sales Continue Positive Trends 

August New Mexico real estate transactions reported to the REALTORS Association of New Mexico (RANM) continue July upward trends.  1,440 August 2012 sales were reported.  1,273 sales were reported in August 2011 and 1,146 sales were reported in August 2010.

Median prices still continue their up and down variance depending on short sale volume each month.  The August 2012 median of $169,773 is 3.5% higher than the August 2011 median of $164,000, but 3% less than the August 2010 median of $175,000.  Median price indicates half the properties sold for more and half for less.

The addition of the August numbers mean year to date sales activity (January through August 2012) continues to be ahead of sales for the first eight months of both 2011 and 2010.  9,879 sales have been reported in 2012.  8,865 sales were reported for January through August in 2011; 9,342 in 2010.

The 2012 year to date median price is $165,500.  While this is less than both the 2011 and 2012 year to date medians ($167,000 for 2011 and $173,000 for 2010), the drop continues to lessen indicating home prices are stabilizing.

Tight lending standards continue to affect the market.

Debbie Rogers, RANM 2012 President, cites a NATIONAL ASSOCIATION OF REALTORS (NAR) survey that shows sales across the U.S. could be higher if the mortgage lending community returned to reasonably safe and sound lending standards.  “Nationally, sales this year are projected to rise 8 to 10 percent.  Although welcoming, this still represents a sub-par performance compared to a ‘normal’ market.  We need to return to the sound underwriting standards that existed before the abnormalities of the housing boom and bust cycle, and thoroughly re-examine current and impending regulatory rules that may cause excessively tight standards.”

Lawrence Yun, NAR chief economist, says there would be enormous benefits to the U.S. economy if mortgage lending conditions return to normal. “Sensible lending standards would permit 500,000 to 700,000 additional home sales in the coming year,” he says.  “The economic activity created through these additional home sales would add 250,000 to 350,000 jobs in related trades and services almost immediately, and without a cost impact.”

Steven Anaya, Executive Vice President of RANM, offers more support for the easing of lending standards.  “Homebuyers in recent years have been highly successful.  NAR research indicates that since 2009, the 12-month default rates have been abnormally low.  Fannie Mae default rates have averaged 0.2 percent while Freddie Mac’s averaged 0.1 percent, which are notable given higher unemployment in the timeframe.”

The trends and numbers reported are only a snapshot of market activity.  If you are interested in buying or selling, consult a REALTOR familiar with your market area; he/she can provide information on specific trends in your neighborhood.

Statistical information and trends are based on information furnished by New Mexico Member Boards and MLSs to U. S. House Stats.  Current reporting participants are: Greater Albuquerque Association of REALTORS, Las Cruces Association of REALTORS MLIS, New Mexico Multi-Board MLS (Artesia, Carlsbad, Clovis/Portales, Deming, Gallup, Grants, Hobbs, Las Vegas, Sierra County areas), Otero County Board of REALTORS, Roswell Association of REALTORS, Ruidoso/Lincoln County Association of REALTORS, Santa Fe Association of REALTORS, San Juan County Board of REALTORS, Silver City Regional Association of REALTORS, and the Taos County Association of REALTORS. Reports represent single family residential data only.  Information does not necessarily represent all activity in any market/county.  Figures based on reports run 9/18/12.  Visit www.nmrealtor.com (housing trends) for county and board statistics.

The REALTORS Association of New Mexico is one of the state’s largest trade associations, representing over 5,500 members involved in all aspects of the residential and commercial real estate market.

2201 Brothers Road Santa Fe, NM 87505 505-982-2442 800-224-2282 fax 505-983-8809 nmrealtor.com

July Stats from the REALTORS Association of New Mexico

July New Mexico Home Sales Numbers Up from Previous Years

The number of sales in July 2012 reported to the REALTORS Association of New Mexico (RANM) is higher than the number reported during both July 2011 and July 2010. This year, 1,366 total sales were reported for July. In 2011, there were 1,201 sales reported; in 2010, 1,130 sales were reported.

Median prices still continue to drop. According to RANM President Debbie Rogers, “The July 2012 median of $170,000 reflects the number of distressed properties still being included in the market. In July of 2011, the reported median was $177,000; July 2010 reported median was $180,000.” Median price indicates half the properties sold for more and half for less.

The July numbers also mean the year-to-date number of sales and median prices reflect an increase in sales and a decrease in price compared to the same period during 2011 and 2010. 8,420 sales have been reported during the first seven months of 2012. 7,591 sale were reported for January through July of 2011 and 8,195 sales were reported during this period in 2010.

The 2012 year-to-date median price is reported at $165,000. 2011 January through July median was $167,500; 2010 median for same period was $172,500.

The silver lining is that sales numbers continue to climb and median prices are dropping at a slower pace than previously. From 2010 to 2011 (for the first seven months of the year) median prices dropped 2.9 percent; from 2011 to 2012, median prices dropped 1.5 percent.

Steven Anaya, Executive Vice President of RANM, offers more optimism, citing the July REALTORS Confidence Index Report, which indicates time on the market when a property is sold has been declining. “Approximately a third of REALTORS nationally noted that recently sold properties were on the market for less than a month when sold, and 59 percent were sold within 3 months.”

The trends and numbers reported are only a snapshot of market activity. If you are interested in buying or selling, consult a REALTOR familiar with your market area; he/she can provide information on specific trends in your neighborhood.

Statistical information and trends are based on information furnished by New Mexico Member Boards and MLSs to U. S. House Stats. Current reporting participants are: Greater Albuquerque Association of REALTORS, Las Cruces Association of REALTORS MLIS, New Mexico Multi-Board MLS (Artesia, Carlsbad, Clovis/Portales, Deming, Gallup, Grants, Hobbs, Las Vegas, Sierra County areas), Otero County Board of REALTORS, Roswell Association of REALTORS, Ruidoso/Lincoln County Association of REALTORS, Santa Fe Association of REALTORS, San Juan County Board of REALTORS, Silver City Regional Association of REALTORS, and the Taos County Association of REALTORS. Reports represent single family residential data only. Information does not necessarily represent all activity in any market/county. Figures based on reports run 8/16/12. Visit http://www.nmrealtor.com (housing trends) for county and board statistics.

The REALTORS Association of New Mexico is one of the state’s largest trade associations, representing over 5,500 members involved in all aspects of the residential and commercial real estate market.

Diane Moehlenbrink, CAE, RCE
Communications, Marketing and Events Director
REALTORS® Association of New Mexico
505-982-2442, ext. 164; fax 505-983-8809
diane@nmrealtor.com
http://www.nmrealtor.com

June Sales stats from the Realtor’s Association of New Mexico

New Mexico Home Sales and Median Prices Continue On A Positive Track

While the number of sales in June 2012 reported to the REALTORS Association of New Mexico (RANM) is down slightly from the number reported for May of this year, 2012 year-to-date sales outpace 2011 by nearly 10%.

June’s reported median price is higher than May 2012 and June 2011; 2012 year-to-date median is identical to 2011 year-to-date median price.  Median price indicates half the properties sold for more and half for less.

1,360 sales were reported for June 2012.  1,296 sales were reported for the same month in 2011.  7,013 sales have been reported for January through June 2012.  January through June 2011 sales:  6,390.  The year-to-date 2012 number is less than 1% less than the number reported January through June 2010.

June 2012’s median price is $175,000.  This compares to May 2012’s median of $170,000.  Year-to-date median for both January through June 2011 and 2012 is $165,000.

Nearly 80% of the counties reporting sales January through June 2012 show an increase in activity over the same period last year.  Median prices declined slightly in half the reporting markets and rose slightly in the remaining counties.

Steven Anaya, Executive Vice President of RANM, says “record low interest rates and high levels of housing affordability continue to help the housing market.  The NATIONAL ASSOCIATION OF REALTORS continues their diligence in Washington, D.C. to make sure congress knows all the issues regarding the housing market, including Qualified Mortgage and appraisal regulations.”

“The recent Flood Reauthorization legislation, signed into law this month by President Obama, is a great step toward eliminating the constant uncertainty that flood insurance would not be available in the 21,000 communities across the nation where it is required for obtaining a mortgage,” said Debbie Rogers, 2012 President of RANM.  “NAR and REALTORS across the nation, spent years advocating on behalf of this legislation and are looking forward to the positive effect it will have on the housing market.”

The trends and numbers reported are only a snapshot of market activity.  If you are interested in buying or selling, consult a REALTOR familiar with your market area; he/she can provide information on specific trends in your neighborhood.

Statistical information and trends are based on information furnished by New Mexico Member Boards and MLSs to U. S. House Stats.  Current reporting participants are: Greater Albuquerque Association of REALTORS, Las Cruces Association of REALTORS MLIS, New Mexico Multi-Board MLS (Artesia, Carlsbad, Clovis/Portales, Deming, Gallup, Grants, Hobbs, Las Vegas, Sierra County areas), Otero County Board of REALTORS, Roswell Association of REALTORS, Ruidoso/Lincoln County Association of REALTORS, Santa Fe Association of REALTORS, San Juan County Board of REALTORS, Silver City Regional Association of REALTORS, and the Taos County Association of REALTORS. Reports represent single family residential data only.  Information does not necessarily represent all activity in any market/county.  Figures based on reports run 7/17/12.  Visit www.nmrealtor.com (housing trends) for county and board statistics.

The REALTORS Association of New Mexico is one of the state’s largest trade associations, representing over 5,500 members involved in all aspects of the residential and commercial real estate market.

Diane Moehlenbrink, CAE, RCE

Communications, Marketing and Events Director

REALTORS® Association of New Mexico

505-982-2442, ext. 164; fax 505-983-8809

diane@nmrealtor.com

www.nmrealtor.com