Las Cruces Real Estate Home Owners Are Staying Much Longer

Dated: 11/14/2019

Views: 1275

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.

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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

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