Top Mega Teams in New Mexico – Ranked by Sides

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    • Rank – State SidesTeam NameCompanyLocationSidesProfile
    1VENTURI REALTYKeller Williams Realty AlbuquerqueAlbuquerque, NM 372.7View Profile
    2Casa Ideal-RuidosoKeller Williams Santa FeSanta Fe, NM 162.8View Profile

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    2022 Market Summary

    New Mexico started 2022 with a total of 2,003 single-family homes on the market, with a median home price of $351,090 and an average price per square foot of $201. By the end of the year, inventory had increased to 3,208 homes on the market (+60%), with a median home price of $379,037 (+7%) and an average price per square foot of $221 (+9%).

    At the start of 2022, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 77 days.

    New Mexico started the year with 21% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 32% of New Mexico homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that New Mexico started 2022 as a strong seller’s market, with an MAI score of 46; by the end of the year, the MAI had dropped to 33 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

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