2013 Year to Date and 2nd
Quarter Sales and Prices Top 2012 Numbers
2013 Second Quarter
sales and median prices reported to the REALTORS Association of New Mexico
(RANM) show an increase over 2011 and 2012 second quarter reports.
4,428 sales were
reported in the second quarter of 2013. This tops the 2012 number of 4,063 by
9% and the 2011 number of 3,608 by nearly 23%.
7,764 sales were
reported year-to-date (January through June) 2013. 7,082 sales were reported
January through June 2012 and 6,395 sales were reported January through June
2011.
The 2013 Second
Quarter median price as reported at $17o,000 and reflects a small, but steady
increase over second quarter median price in 2011 and 2012. The year-to-date
2013 median of $169,000 reflects a similar increase over the past two years.
Median price indicates half the properties sold for more and half for
less.
“The number of sales
for the month of June 2013 is less than 1% less than those reported in June
2012,” according to RANM President Cathy Colvin. “Low inventories and an
increase in mortgage rates contribute to this slight decrease. The good news
for sellers is the June median price of $179,000 is 5% higher than the May 2013
median and over 4% higher than the June 2012 median.”
M. Steven Anaya, RANM
CEO adds “Local economic conditions also play a role in state-wide numbers. Our
reports show a nearly even break-out of counties showing increases and counties
showing decreases in both the number of sales and in median prices.”
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
