MARKET WATCH! In January 2017 the Median Sale Price for single-family, detached homes increased 7.2% from last year to $185,000 and the Average Sales Price rose 3.1% to $218,488. The Absorption Rate (number of months it would take to sell the current housing inventory) decreased 24.4%, continuing to show us a Seller’s market of 3.1 months (6 months is equilibrium). The Average Days on the Market was only 62. The overall inventory of detached homes for sale continues to drop, coming down 20.3%. (GAAR)
Exciting upcoming events include Century 21 Unica’s annual Barking Lot Sale where all proceeds go to Animal Humane New Mexico (March 4th starting at 8AM). Come on by to donate items which we can sell to help Animal Human or sell your own wares (and rent a table from us!).
The Sugar Team