09/18/2026
🏡📊 Sales Activity Slows as New Mexico Home Prices Continue to Rise 📊🏡
New Mexico’s housing market saw fewer sales but continued price growth in August 2026. Statewide, 1,457 homes sold during the month, down 15.2% from 1,718 sales in August 2025 and down 22.6% from 1,882 sales in July 2026. Despite the decline in transactions, the statewide median sold price climbed to $375,000, up 4.2% from $360,000 both one year ago and in July. Total August sales volume reached $688.4 million, a 9.3% decrease year-over-year and 15.6% decrease month-over-month. Homes spent an average of 56 days on the market, compared with 53 days in both July 2026 and August 2025. Active listings totaled 5,756, down 3.8% from August 2025 and 9.1% from July, while pending listings fell to 1,615, down 15.4% year-over-year. Year-to-date through August, New Mexico recorded 13,143 closed sales, about 2.6% fewer than during the same period in 2025, while the year-to-date median sold price edged up from $350,000 to $351,000.
