Las Cruces Real Estate Buyer Or Sellers Market

Dated: 10/19/2019

Views: 1230

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 Cruces.  The AR shows how many months it would take - if no homes are added to the market - for the existing inventory to sell.  

Many in the industry consider it a Sellers Market when ARs are below 6 months and a Buyers Market when above 6 months.  As you can see from the chart, Las Cruces has a very low AR; trending downward for at least the last year > this indicates a STRONG Sellers Market.

Image title

What should this mean to you?  If you are thinking about selling your home in Las Cruces, this may be an optimum time as the AR is teetering around 3.5 months.

You may be surprised at the value of your home in today’s market.  For a quick valuation, click here and enter your property address.  It’s fast, simple, and FREE.

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

Carl Krause

Las Cruces Real Estate Professional
Enchanted Sun Realty

Direct - (575) 495-2244

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

Get Pre Aprroval Las Cruces Home Team

Click here for info on why it is so important to get home loan Pre-Approval before finding your dream

Read More

COVID 19 Emergency Funds And Resources For Small Businesses

Click here for info on the COVID 19 Emergency Funds and Resources for Small

Read More

Choosing To Thrive Vs Survive Amidst COVID 19

There's a huge difference between surviving and thriving. Survive means to “continue to live or exist, especially in spite of danger or hardship.” Thrive means to “prosper, be fortunate or

Read More

Does Your Home Inspire Wellness

Does your home inspire wellness?  When you think of wellness, does your living space come to mind?  If you are like me, then the answer is most likely "not really".  When I think

Read More