Las Cruces Real Estate Home Owners Are Staying Much Longer

Dated: 11/14/2019

Views: 821

November 14, 2019

, 

I recently ran across an article that stated that, on a national level, home owners are staying in their home about 13 years before they sell.  This is much longer than the trend that stayed in a range of 5-7 years for the longest time.

In Las Cruces, one thing that I have noticed that has effected the duration of home ownership, is the market crash in the 2006 – 2007.  In my neighborhood, as well as others in which the homes were built in 2005 and 2006, there simply has been no incentive to sell because the market value decreased – drastically – right after purchase.  Many home owners opted to stay put or rent out their homes and await better market times.

Image title


 

 



The good news:  Many of the homes that were built in 2005 & 2006 have now met or exceeded their original values.  You can check by clicking here and entering your property address for a quick valuation.  It’s fast, simple, and FREE.

To see all the homes currently for sale in Las Cruces, click here.

Carl Krause
Las Cruces Real Estate Professional
Enchanted Sun Realty

Direct – (575) 495-2244
carl@LoveLasCruces.com

www.LoveLasCruces.com

Image title


Blog author image

Carl and Deneve at Las Cruces Home Team

Welcome to your Las Cruces Home Team! We are Carl & Deneve and together we have built the Las Cruces Home Team with one simple goal: provide our clients with customs solutions that meet the fast-mov....

Latest Blog Posts

A Stress Free Christmas In Las Cruces

Let's face it.  Sometimes the holiday season can be a bit overwhelming.  Endless running around, lines in very store, and the traffic on Lohman can all become too much.  Why not try

Read More

Top 5 Places To See Fall Foliage In Las Cruces

Las Cruces Real Estate: Exploring Different Communities in Las Cruces Good news, you don’t have to travel to the East Coast to see the beautiful colors of fall. Believe it or not Las

Read More

Las Cruces Real Estate Home Owners Are Staying Much Longer

November 14, 2019LoveLasCruces, SellingI recently ran across an article that stated that, on a national level, home owners are staying in their home about 13 years before they sell.  

Read More

Las Cruces Real Estate Buyer Or Sellers Market

Many times throughout the year I am asked whether we are in a Sellers Market or a Buyers Market.One thing that must be considered is the Absorption Rate (AR) as shown in the chart below for Las

Read More