December 9, 2022

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Farmington-area home prices rise 14% in April, with houses for sale in high demand

A typical San Juan County home outlined for $299,900 in April, up 14% from a thirty day period earlier, an analysis of facts from Real estate agent.com shows.

The median listing residence price tag in April was up about 40.6% from April 2021. San Juan County’s median household was 2,008 square ft for a listed cost of $154 for every square foot.

The San Juan County industry was fast paced, with a median 38 days on current market. A thirty day period earlier, properties had a median 42 days on sector. The market included 84 new house listings in April, as opposed with the 72 extra in April 2021. The marketplace ended the thirty day period with some 117 listings of homes for sale.

Information on your neighborhood housing current market is offered through the United states of america Nowadays Community, with much more data from Real estate agent.com.

Authentic estate: San Juan County dwelling prices fell 3.5% in March, with houses for sale in substantial desire

Across all of New Mexico, median property prices were being $342,715, growing 5.5% from a month earlier. The median New Mexico property for sale had 1,976 sq. toes at listing rate of $171 for each sq. foot.

Throughout the United States, median house prices have been $425,000, up 5% from a month previously. The median American residence for sale had 1,821 square toes, listed at $220 per square foot.

Skipping a authentic estate agent? How this homebuyer got her personal housing market place lead

The median home listing price — the midway point of all the houses or models detailed over a time period of time — is utilised far more frequently in this report rather of the ordinary house listing rate due to the fact professionals say the median presents a extra correct watch of what is actually occurring in a industry. In locating the average value, all rates of households detailed are additional and then divided by the quantity of homes marketed. This evaluate can be skewed by one particular very low or substantial price.

The Usa Right now Network is publishing localized variations of this tale on its information web-sites across the region, created with information from the Real estate agent.com residential listings database. The tale was written by Mike Stucka and Sean Lahman.

This report originally appeared on Farmington Day-to-day Periods: Farmington-location residences for sale rise to $299,900 median selling price