NM Home Prices Swell

THE PRESIDENT OF THE NEW MEXICO ASSOCIATION OF REALTORS SAYS HOME PRICES HAVE NEVER BEEN HIGHER IN OUR STATE. THE MEDIAN PRICE OF A HOME SOLD IN JUNE WAS MORE THAN 224-THOUSAND DOLLARS. PAUL WILSON OF ALBUQUERQUE TELLS NEWSRADIO KKOB DUE TO LOW INVENTORY, HOMES SELLING FOR LESS THAN 300-THOUSAND DOLLARS USUALLY MOVE PRETTY QUICKLY.

WILSON SAYS HOME SALE ACTIVITY USUALLY SLOWS A BIT IN THE FALL…THEN PICKS UP AGAIN IN LATE WINTER INTO SPRING AND SUMMER.

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