Top Medium Teams in New Mexico – Ranked by Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    1Page Sullivan GroupBerkshire Hathaway HomeServices Taos Real EstateTaos, NM$64,648,792View Profile
    2Vertical Real EstateKeller WilliamsAlbuquerque, NM$62,450,784View Profile
    3ABQ Dream Home By Veronica GonzalesKeller WilliamsAlbuquerque, NM$36,838,159View Profile
    4Faithe Real EstateKeller WilliamsAlbuquerque, NM$34,494,400View Profile
    5Something About Santa Fe RealtorsKeller WilliamsSanta Fe, NM$33,065,007View Profile
    6The Shaffer GroupKeller WilliamsAlbuquerque, NM$32,669,458View Profile
    7The Rucker TeamColdwell Banker LegacyAlbuquerque, NM$32,398,600View Profile
    8NM Home DealsKeller WilliamsAlbuquerque, NM$31,022,370View Profile
    9Schuster TeamKeller WilliamsSandia Park, NM$30,475,655View Profile
    10Smith Michelle TeamColdwell Banker LegacyAlbuquerque, NM$25,671,563View Profile

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    2023 New Mexico Housing Market Summary

    New Mexico started 2023 with a total of 3,058 single-family homes on the market, with a median home price of $380,000 and an average price per square foot of $221. By the end of the year, inventory had increased to 3,376 homes on the market (+10%), with a median home price of $390,000 (+2%) and an average price per square foot of $227 (+2%).

    At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had remained the same at 77 days.

    New Mexico started the year with 31% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 32% of New Mexico homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that New Mexico started 2023 as a seller’s market, with an MAI score of 40; by the end of the year, the MAI had dropped to 33 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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