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May’s Market report is bringing signs of stability to Las Cruces, with values similar to last month and even May of 2022.
More listings came on the market, bringing more competitive prices for homebuyers while still yielding 98 percent of the asking price while on the market for less than two weeks. While higher interest rates are still keeping some buyers and sellers out of the market, inventory is still on the rise and lenders continue to offer more incentives such as point buydowns and breaks on closing costs in order to help counter these high interest rates. Now is the time to talk ask your lender if you're in the market to buy this summer.
Expect more homes to choose from, which may cause a small drop in prices leading into the fall.
It's still a great time to be a Las Cruces homeowner.
