NEW MEXICO HOME PRICES MAY HAVE SLID IN THE PAST YEAR … BUT THE GREATER ALBUQUERQUE ASSOCIATION OF REALTORS SAYS PRICES IN THE METRO ARE UP BY 2-AND-A-HALF PERCENT IN NOVEMBER. BUT THE GROUP ALSO SAYS CLOSED SALES DROPPED BY 22 PERCENT LAST MONTH COMPARED TO OCTOBER. THERE WERE 723 CLOSED SALES IN OCTOBER AND 552 IN NOVEMBER.
MEANWHILE, THE ASSOCIATION SAYS HOME INVENTORY DID RISE LAST MONTH … BY 19 PERCENT. THAT'S AS OTHER PARTS OF THE COUNTRY ARE DEALING WITH SHORTAGES.
