Top Mega Teams in New Mexico – Ranked by Volume

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Rank – State VolumeTeam NameCompanyLocationVolumeProfile
1Medina Real EstateKeller WilliamsAlbuquerque, NM$113,409,207View Profile
2Roc Real Estate PartnerseXp RealtyAlbuquerque, NM$105,100,536View Profile
3Premier Realty PartnerseXp RealtyCorrales, NM$58,766,651View 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.

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New Mexico News

Biden administration looks to cut water allotments from Colorado River in migration hotspots 

Apr 12, 2023By

Homeowners in pandemic boomtowns like Phoenix and Salt Lake City will need to cut back water usage or risk the Colorado River running dry.