Sat Jun 10 2023
This week the median list price for Cedar Crest, NM 87008 is $577,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 3.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$577,000|
|Median Price of New Listings||$483,499|
|Per Square Foot||$259|
|Average Days on Market||9|
|Median Days on Market||0|
|Strong Seller's Market|
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$930,000||3,633||2.5 - 5 acres||3||3||30||0||0||28|
|$577,000||2,213||2.5 - 5 acres||3||2||16||1||0||0|
|$389,999||1,505||0.5 - 1 acre||3||2||1||1||1||0|