Thu Feb 25 2021
This week the median list price for Corrales, NM 87048 is $965,000 with the market action index hovering around 54. This is an increase over last month's market action index of 48. Inventory has held steady at or around 9.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$965,000|
|Per Square Foot||$209|
|Days on Market||119|
|Strong Seller's Market|
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,624,500||4,214||1 - 2.5 acres||4||5||5||0||1||105|
|$1,092,500||4,965||2.5 - 5 acres||4||5||18||0||1||878|
|$895,000||4,048||1 - 2.5 acres||4||4||31||0||0||73|
|$439,000||2,900||1 - 2.5 acres||4||3||27||1||1||70|