August home sales best in more than a decade

Las Cruces-area Realtors had the best August in 14 years, according to a September 8 report from the Las Cruces Association of Realtors. Local agents sold a total of 216 new and existing homes, townhomes and condominiums during the eighth month of the year, up 19-units from the 197 homes sold in August of 2019. The best August on record was booked in 2006 when a total of 226 properties changed hands.

Although the 216 sales booked in August fell 9-units below the 225-units sold in July, August’s median price of $221,560 exceeded by $11,560, or 5.5 percent, the $210,000 median price for the new and existing homes, townhomes and condominiums sold in that month. August’s median sales price also exceeded the $188,950 median sales price reported in August of 2019, rising by $32,610, or 14.7 percent, year-over-year. The median is where half sold for more and half sold for less.