ALBUQUERQUE, N.M. — The last year of the decade was one of the busiest for New Mexico real estate agents and homebuyers, according to new numbers from the New Mexico Association of Realtors.
Through November, the most recent month that statewide home data is available, 23,328 home sales closed in 2019 in the Land of Enchantment, well behind last year’s record-breaking total but ahead of every other annual total since 2008, when the association began keeping track of the numbers.
Paul Wilson, 2019 association president, attributed the statewide growth to low interest rates and a statewide economy that has stabilized in recent years, two factors that have given potential buyers more confidence as they look to leave the rental pool or upgrade to a larger home. Wilson said he expects more of the same for 2020.
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