Deming-area home prices rise 9.7% in May, with houses for sale in high demand

A common Luna County house outlined for $170,000 in Might, up 9.7% from a thirty day period earlier, an assessment of information from Real estate agent.com demonstrates.

The median record household cost in Might was up about 6.2% from Could 2021. Luna County’s median home was 1,800 square feet for a mentioned price tag of $91 per square foot.

The Luna County current market was busy, with a median 46 days on sector. A thirty day period previously, houses had a median 51 times on marketplace. The market place included 16 new dwelling listings in Might, compared with the 20 extra in May 2021. The marketplace finished the thirty day period with some 28 listings of houses for sale.

Facts on your area housing sector is available through the United states of america These days Network, with additional details from Real estate agent.com.

Throughout all of New Mexico, median home costs were being $350,000, soaring 2.1% from a month before. The median New Mexico house for sale experienced 1,996 square toes at listing price of $175 per square foot.

Across the United States, median dwelling selling prices were $446,950, up 5.2% from a thirty day period previously. The median American house for sale had 1,861 square feet, detailed at $226 for every square foot.

The median property record price tag — the halfway level of all the residences or models stated about a interval of time — is utilised a lot more usually in this report instead of the ordinary home record rate since professionals say the median gives a additional correct perspective of what is happening in a current market. In acquiring the ordinary cost, all rates of residences mentioned are included and then divided by the amount of households sold. This evaluate can be skewed by one small or significant rate.

The Usa Today Community is publishing localized versions of this tale on its information web sites across the region, produced with knowledge from the Real estate agent.com residential listings database.. The story was prepared by Mike Stucka and Sean Lahman.

This report initially appeared on Deming Headlight: Deming-area properties for sale increase to $170,000 median rate