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Home prices fall in March 2023

Posted

March brought some great news for both buyers and sellers in Las Cruces. 

More homes are hitting the market, interest rates are starting to slide, and inventory is on the rise as the spring buyer season has officially arrived.   

March brought many encouraging statistics for buyers who are now seeing some relief in prices and monthly payments.   

Homes are still moving quickly with an average of 13 days on the market  and at 97 percent of their asking price. 

Expect to see more inventory,  better incentives, and more competitive pricing going forward in 2023. It is now time for new home showcase tours, open houses, competitive interest rates and more keys being given at the closing table. 

It’s a great time to be a homeowner in Las Cruces. 

Happy Spring. 


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