Market Conditions Report

Cedar Crest, NM 87008

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888


Current active inventory in Cedar Crest, NM 87008 is very low. Keep this in mind when looking at this report.

Cedar Crest, NM 87008

Sun Mar 07 2021
This week the median list price for Cedar Crest, NM 87008 is $98,000 with the market action index hovering around 67. This is less than last month's market action index of 70. Inventory has held steady at or around 2. Click here to stay informed with the Cedar Crest market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

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.

Cedar Crest, NM 87008

Sun Mar 07 2021
This week the median list price for Cedar Crest, NM 87008 is $98,000 with the market action index hovering around 67. This is less than last month's market action index of 70. Inventory has held steady at or around 2. Click here to stay informed with the Cedar Crest market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

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.

Real-Time Market Profile

Never miss important changes in the Cedar Crest market.
Median List Price $98,000
Per Square Foot $111
Days on Market 77
Price Decreased 100%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Most Expensive $118,000
Least Expensive $78,000
Market Action 67
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$NaN NaN N/A NaN NaN NaN NaN NaN NaN
$98,000 993 0.5 - 1 acre 1 1 61 0 0 77
$118,000 1,436 0.25 - 0.5 acre 2 1 120 0 0 77
$78,000 550 0.5 - 1 acre 1 1 2 0 0 77