ALBUQUERQUE, N.M. — Statewide home sales in July as measured by the Realtors Association of New Mexico — a combination of new and existing homes — were up over June but down 6 percent from July of last year.
There were 1,591 sales compared to 1,525 in June and 1,690 in July of 2013, RANM reported.
The July 2014 median price of $183,500 was slightly higher than the June 2014 median of $179,185.
“Strong sales the first few months of 2014 mean the year-to-date sales numbers are still ahead of last year’s January through July numbers,” RANM president Sandylee Pasquale said in a statement. “Year-to-date median prices also continue to increase; 2014 year-to-date median: $175,000; 2013 January through July median: $170,000; 2012 January through July median: $165,000.”
RANM CEO M. Steven Anaya added: “This month’s reports support the premise that when there is job activity and growth, the housing market follows suit. July sales show Eddy, Chaves, Lea, and San Juan counties are all beneficiaries of growth in the energy sector.”