March 6, 2024 – MyMarketPulse (mymarketpulse.com) just released the list of the Hottest Markets in New Mexico for January 2024.
Where are homes selling fastest and at the best prices? Curious if there are markets in New Mexico where there is a high demand for homes? MyMarketPulse took a deep dive into it, exploring where in New Mexico the markets are the hottest.
What We Found
We looked at each county, pulling up the median sale prices sales volume from Redfin, focusing on counties with 25 or more home sales per month. We assign a MarketPulse score based on the three-month weighted average of home sales volume and sale prices versus previous twelve months. Counties were then ranked from highest to lowest based on this score.
The Highlights
In New Mexico, the hottest-selling market is Lea County, where the MarketPulse Score is 100 and the median sales price comes in at $257,500 with 40 homes sold.
On the flip side, Otero County sits at the bottom of the market with a MarketPulse Score of 84 with 35 homes sold.
Hottest Markets in New Mexico
1. Lea County. MarketPulse Score of 100
2. Eddy County. MarketPulse Score of 99
3. San Juan County. MarketPulse Score of 90
4. Santa Fe County. MarketPulse Score of 89
5. Dona Ana County. MarketPulse Score of 88
For more information about the New Mexico market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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