REAL ESTATE News:
SANTA FE — The New Mexico housing market showed strong momentum in March 2025, according to the latest statewide and county-level data compiled by the New Mexico Association of REALTORS®. A comparison of Feb. and March performance indicates robust growth in key metrics such as sales activity, median prices, and market engagement, reflecting sustained demand and renewed confidence among buyers and sellers alike.
Year-to-Date (YTD) Sales climbed significantly, particularly in Bernalillo County, where sales surged by 596 units, up from 992 in Feb. to 1,588 in March. YTD Median Sold Prices continued to edge higher. Bernalillo saw a modest increase from $345,000 to $347,745, while Chaves County experienced a sharper rise from $173,500 to $180,000. Closely following Bernalillo, Sandoval County recorded 526 YTD sales, and Santa Fe County came in strong with 486 sales — both counties demonstrating high consumer interest and ranking second and third respectively in total volume. Active Listings also expanded, suggesting more inventory is returning to the market. Colfax added 16 new listings, bringing its total to 154, while Bernalillo increased by 40.
March Monthly Sales Volume expanded dramatically in the state’s largest counties. Bernalillo County’s monthly sales grew by nearly $65 million, reaching $258 million, while Chaves added over $2.4 million in volume. Sandoval and Santa Fe Counties also posted impressive volumes for the month — with Sandoval surpassing $97 million and Santa Fe nearing $149 million — underscoring their importance as high-value, high-activity markets. Median Monthly Sale Prices showed notable improvements in most counties. Catron County had the largest increase in monthly median sale price, rising $165,500 from February to March. Pending sales — a leading indicator of future closings — saw a sizable boost: Bernalillo County reported 796 pending listings in March, up 140 from the prior month. Cibola and Colfax Counties also saw healthy increases in pending activity, a promising sign for April and beyond.
The state’s housing market is poised for continued growth into Q2, bolstered by increased inventory, favorable buyer demand, and upward price movement in both rural and metro counties. NMAR will continue monitoring these trends to keep consumers and industry professionals informed.
“Just as our spring weather is warming up, so too are housing markets all across the great state of New Mexico. The period from March through Sep. is traditionally the most active period in real estate listings and sales, and these numbers show that the trend continues, and will most likely ramp up throughout the coming months.” – Rob Wigton, NMAR CEO
