Your Las Cruces Market Review

Happy 2023 New Mexico.  Wishing everyone a great start to the New Year with endless goals and possibilities. 

The Las Cruces Real Estate Market showed signs of stability in December with homes still closing at an increased sale price over the prior year.  While activity was significantly down compared to last year, Decembers activity is back to what Las Cruces would normally see during the Holiday months.  Homebuyers are now seeing the return of price drops and seller incentives in efforts to stay competetive with increased inventory.  The year is starting with a drop in interest rates and more listings on the market giving buyers more options, more negotiating ability, and lower monthly payment projections.  The market is showing great signs for buyers while holding strong closing prices for sellers in southern New Mexico.   New Mexico Properties will be here every step of the way in the coming year.   Wishing all of you a wonderful 2023.   What a great time to be a homeowner.