AP NEWS

Group: Santa Fe median home prices hit record levels

January 25, 2019

SANTA FE, N.M. (AP) — The median home price in New Mexico’s capital city hit a record level last year.

The Santa Fe New Mexican reports Santa Fe Association of Realtors numbers show the median home price in the city of Santa Fe in 2018 was $370,000.

The group says that figure, based on sales over the year, surpassed the pre-recession peak of $360,000 in 2007.

The number of home sales in Santa Fe also has increased in the past few years, rising from 842 in 2016 to 1,079 in 2018.

The resurgent housing market comes as the Santa Fe area struggles with a shortage of affordable homes and lack of inventory overall.

Home sales across Santa Fe County saw an even higher median price of $420,000 in 2018 for single-family detached homes.

___

Information from: The Santa Fe New Mexican, http://www.santafenewmexican.com

AP RADIO
Update hourly