Is now a good time to buy land in the New Mexico area?
the New Mexico area is currently a strong buyer's market with 31.4 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis
We're showing New Mexico County statistics below to give you a broader market picture. As more transactions occur in Taiban, New Mexico, we'll update with specific local data.
View nearby areas with more activity:
31.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Taiban, New Mexico | ||||||
the New Mexico area is currently a strong buyer's market with 31.4 months of supply. Buyers have more negotiating power and can take time to find the right property.
the New Mexico area currently has 31.4 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, the New Mexico area saw 2,736 properties sold. In just the last 3 months, 623 properties changed hands.
There are currently 6,514 active listings in the New Mexico area. 1,318 new listings have hit the market in the last 90 days. The median asking price is $60K.
Land in the New Mexico area typically sells within 151 days of listing. The median time on market is 74 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in the New Mexico area is 3.2% (3-month basis), indicating slow demand. The top-performing broker in this market is Realty One of New Mexico.
The 3-month absorption rate in the New Mexico area is 3.2%. The 12-month rate is 3.5%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.