December 5, 2022

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Deming-area home prices fall 0.3% in March, with houses for sale in high demand

The median sales price for a single-family home in Richmond County has decreased 1.4% since March 2021.

The median gross sales cost for a solitary-relatives house in Richmond County has lessened 1.4% due to the fact March 2021.

A regular Luna County dwelling detailed for $169,000 in March, down .3% from a thirty day period previously, an analysis of information from Realtor.com exhibits.

The median checklist dwelling value in March was up about 3% from March 2021. Luna County’s median house was 1,836 square feet for a detailed selling price of $95 for each square foot.

The Luna County current market was active, with a median 54 days on market place. The industry additional 20 new home listings in March, when compared with the 12 extra in March 2021. The market place ended the thirty day period with some 45 listings of properties for sale.

Details on your regional housing industry is obtainable by the Usa Right now Network, with far more information from Real estate agent.com.

Across all of New Mexico, median household selling prices ended up $325,000, rising .4% from a thirty day period earlier. The median New Mexico home for sale had 1,969 sq. toes at record price tag of $165 for every sq. foot.

Across the United States, median household costs were being $404,950, up 3.2% from a month earlier. The median American household for sale had 1,800 square ft, detailed at $214 for each square foot.

The median property list selling price — the midway stage of all the houses or units listed over a time period of time — is utilised additional usually in this report as an alternative of the average household checklist value since specialists say the median presents a much more exact watch of what is actually happening in a sector. In discovering the regular price, all charges of properties listed are extra and then divided by the variety of residences offered. This evaluate can be skewed by one particular very low or superior selling price.

The Usa Currently Community is publishing localized variations of this tale on its news web sites across the nation, produced with knowledge from the Realtor.com household listings database.. The story was published by Mike Stucka and Sean Lahman.

This post originally appeared on Deming Headlight: Deming-place households for sale rise to $169,000 median cost