20
Buyer's Markets
14.0
Highest Supply (mo)
$65K
Lowest Median Price
203
Avg Days on Market
| # | City | Months Supply | Median Price | Days on Market | YoY Change |
|---|---|---|---|---|---|
| 1 | Cloudcroft | 14.0 mo | $716K | 176 days | N/A |
| 2 | Gallup | 13.3 mo | $185K | 37 days | N/A |
| 3 | Espanola | 13.0 mo | $478K | 687 days | N/A |
| 4 | Española | 12.0 mo | $478K | 687 days | N/A |
| 5 | Taos Ski Valley | 11.0 mo | $769K | 194 days | N/A |
| 6 | Tano Road | 10.5 mo | $2.09M | 39 days | N/A |
| 7 | Ruidoso | 9.9 mo | $343K | 130 days | -9.0% |
| 8 | Ruidoso Downs | 9.0 mo | $139K | 127 days | N/A |
| 9 | Las Campanas | 8.8 mo | $2.08M | 113 days | -20.8% |
| 10 | Taos | 8.8 mo | $542K | 194 days | N/A |
| 11 | Santa Fe Foothills | 8.0 mo | $605K | 59 days | N/A |
| 12 | Tesuque | 7.5 mo | $2.03M | 42 days | N/A |
| 13 | Arroyo Seco | 7.0 mo | $898K | 36 days | N/A |
| 14 | Chama | 7.0 mo | $300K | 347 days | N/A |
| 15 | La Cienega | 7.0 mo | $649K | 61 days | N/A |
| 16 | Ranchos de Taos | 7.0 mo | $412K | 148 days | N/A |
| 17 | Tularosa | 7.0 mo | $65K | 50 days | N/A |
| 18 | Aztec | 6.5 mo | $215K | 32 days | N/A |
| 19 | Red River | 6.5 mo | $145K | 663 days | N/A |
| 20 | Silver City | 6.5 mo | $246K | 247 days | -7.4% |
New Mexico currently has 20 buyer's markets—cities where housing inventory exceeds 6 months. In these markets, buyers typically have more negotiating power, can take their time making decisions, and may be able to purchase below asking price.
Work with a local expert who can help you take advantage of buyer-friendly conditions.
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