Las Cruces, NM - Local Housing Data - Summary

Change location:

Region

State

City

Las Cruces, NM

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Las Cruces, NM Local News

Prices of New Homes Gain in Las Cruces, Sales Fall According to Freshest Data

Posted on: Apr 06, 2014 07:22:58 AM

Closings of new homes declined year-over-year in January in the Las Cruces, NM market, a downhill move after a lift in December 2013. There was a 12.5% fall in new home closings from a year earlier. This came after a 10.4% hike year-over-year in December.

A total of 453 new homes were sold during the 12 months that ended in January, down from 457 for the year that ended in December.

Of 169 total closings, 28 were of new homes. This is a gain from 14.6% of closings a year earlier. Following a year-over-year increase in December, closings of new and existing homes slid year-over-year in January.

Pricing and Mortgage Trends

In January, the average price of newly sold homes grew year-over-year to $197,748 per unit, a 4.2% surge. This rise is smaller than the 12.2% hike in December year-over-year.

For newly sold homes, average mortgage size moved from $175,513 in January 2013 to $177,132 in January 2014. In December 2013, average mortgage size gained 8.8% from a year earlier.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.