Tue May 18 2021
This week the median list price for Placitas, NM 87043 is $467,450 with the market action index hovering around 68. This is an increase over last month's market action index of 63. Inventory has decreased to 8.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$467,450|
|Median Price of New Listings||$0|
|Per Square Foot||$204|
|Average Days on Market||79|
|Median Days on Market||63|
|Strong Seller's Market|
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$889,500||3,681||2.5 - 5 acres||3||3||18||0||1||56|
|$492,500||2,313||2.5 - 5 acres||3||3||20||0||1||157|
|$437,450||2,690||1 - 2.5 acres||3||2||24||0||1||63|
|$357,450||2,081||2.5 - 5 acres||2||1||19||0||0||38|