New Mexico Real Estate Sales Up 14% in May

New Mexico Gay Real EstateWith a 13 percent gain in home sales statewide, real estate executives are asking if this is finally a sign of a turnaround.

“There is optimism,” said Debbie Rogers, 2012 President of the REALTORS Association of New Mexico. “Brokers have started seeing multiple offers at list price or higher during the past few weeks. Many distressed properties are still on the market and influence median prices. However, banks are beginning to see the wisdom of short sales over foreclosure, and this is helping our market.”

In May, 1,358 sales were reported to RANM, compared to 1,256 in April 2012 and 1,200 in May 2011. The May median price was $170,000, 3 percent higher than the median reported in May 2011.

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