Real Estate Market Report - San Jose, NM (Nov, 2023)
Current Market Condition
23
Active Listings
0
Pending Listings
$225,000
Median List Price
The median sale/list price data shows a fluctuating trend, with some months showing a significant increase in median price while others show a decrease. The highest median price recorded is in February 2023 at $499,000, while the lowest median price is in June 2023 at $85,000. The data also shows that September 2023 is a strong month for the housing market with high median prices recorded in both sale and list prices.
Median Sale/List Price
The median sale price to list price ratio remained at 1.0 from December 2022 to April 2023, but dropped to 0.814 in July 2023 before recovering to 1.0 in September and dropping slightly to 0.94 in October.
Median Sale Price to List Price Ratio
In December 2022, two properties were sold/listed, and this increased to a total of three in January and four in February 2023. The number of properties sold/listed peaked in April 2023 with a total of six. There were also significant numbers of properties sold/listed in May, September, June and July, with a total of five between these months.
Properties Sold/Listed
The median days on the market for homes fluctuated between 0 and 369 days from December 2022 to October 2023. The lowest median days on the market was 83 in October 2023, while the highest median days on the market was in June 2023 at 369.
Median Days on Market
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