The real estate market took a wild ride over the past year and a half.
“The last year has been, I think a fair word, especially earlier in the summer, was frantic,” said Tego Venturi, realtor and co-owner of Venturi Realty Group.
Venturi said he believes the market has downgraded from frantic to steady.
“We’re still seeing multiple offers on homes, we’re still seeing people paying over list price for homes, and it’s just not quite as crazy as it was earlier in the summer.”
A recent report from the New Mexico Association of Realtors shows real estate sales continue to grow month by month. It also shows average home prices increased by 14% in the same time frame – from $250,000 to $284,000.
“That is a huge move in home prices and so yes those type…