Last month, the number of active listings increased 7.74% compared to this time last year. New Mexico Association of REALTORSĀ® President Coleen Dearing shared, "While home sales in New Mexico saw a slight decrease in August 2024 compared to the previous month and last year, the year-over-year increase in median prices highlights continued strength in the market. The rise in active listings is also a positive sign, offering more opportunities for potential buyers. We're navigating a shifting market, but the fundamentals of New Mexico's real estate remain solid." See PDF of all stats below