Sun Mar 07 2021
This week the median list price for Corrales, NM 87048 is $836,500 with the market action index hovering around 50. This is an increase over last month's market action index of 47. Inventory has held steady at or around 12.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$836,500|
|Per Square Foot||$227|
|Days on Market||77|
|Strong Seller's Market|
While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,300,000||3,353||2.5 - 5 acres||4||4||7||0||0||147|
|$965,000||4,036||1 - 2.5 acres||4||5||18||1||0||35|
|$639,000||2,848||0.5 - 1 acre||4||3||27||2||0||0|
|$439,000||2,900||1 - 2.5 acres||4||3||27||0||0||77|