Las Cruces Real Estate Buyer Or Sellers Market

Dated: 10/19/2019

Views: 1173

Many times throughout the year I am asked whether we are in a Sellers Market or a Buyers Market.

One thing that must be considered is the Absorption Rate (AR) as shown in the chart below for Las Cruces.  The AR shows how many months it would take - if no homes are added to the market - for the existing inventory to sell.  

Many in the industry consider it a Sellers Market when ARs are below 6 months and a Buyers Market when above 6 months.  As you can see from the chart, Las Cruces has a very low AR; trending downward for at least the last year > this indicates a STRONG Sellers Market.

Image title

What should this mean to you?  If you are thinking about selling your home in Las Cruces, this may be an optimum time as the AR is teetering around 3.5 months.

You may be surprised at the value of your home in today’s market.  For a quick valuation, click here and enter your property address.  It’s fast, simple, and FREE.

To see all the homes for sale in Las Cruces, click here.

Carl Krause

Las Cruces Real Estate Professional
Enchanted Sun Realty

Direct - (575) 495-2244

Image title

Blog author image

Carl and Deneve at Las Cruces Home Team

Welcome to your Las Cruces Home Team! We are Carl & Deneve and together we have built the Las Cruces Home Team with one simple goal: provide our clients with customs solutions that meet the fast-mov....

Latest Blog Posts

Buried Treasure In Las Cruces From The Las Cruces Home Team

Before banks  and safety deposit boxes were an option, the rugged landscape of Las Cruces made hiding treasure ideal back in the “old days”. Believe it or not, there are several legends

Read More

Las Cruces Grow Your Own Indoor Winter Herb Garden With Love From The Las Cruces Home Team

Las Cruces, get ready to grow your own indoor winter herb garden and say good bye to the bleak midwinter. Starting an herb garden indoors can be done rather effortlessly and having a green

Read More

A Stress Free Christmas In Las Cruces

Let's face it.  Sometimes the holiday season can be a bit overwhelming.  Endless running around, lines in very store, and the traffic on Lohman can all become too much.  Why not try

Read More

Top 5 Places To See Fall Foliage In Las Cruces

Las Cruces Real Estate: Exploring Different Communities in Las Cruces Good news, you don’t have to travel to the East Coast to see the beautiful colors of fall. Believe it or not Las

Read More