Tue Sep 27 2022
This week the median list price for Cedar Crest, NM 87008 is $525,000 with the market action index hovering around 45. This is an increase over last month's market action index of 38. Inventory has decreased to 5.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$525,000|
|Median Price of New Listings||$499,900|
|Per Square Foot||$204|
|Average Days on Market||49|
|Median Days on Market||56|
|Strong Seller's Market|
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$999,000||4,513||5 - 10 acres||3||3||18||0||0||119|
|$889,900||4,481||5 - 10 acres||3||3||40||0||0||56|
|$525,000||1,900||5 - 10 acres||3||2||13||0||0||7|
|$492,450||2,560||1 - 2.5 acres||3||2.5||33||1||2||31|