Housing Sales Fall

Monthly home re-sales continue to slip – New Mexico Business Weekly

The 14 percent, representing the sale of 741 homes last month vs. 861 homes sold during the same month last year, is for detached, single family homes and is a continuing trend that dates to mid-2006. With fewer buyers in the market, the average days on the market has gone from 72 days in February of 2006 to an average of 82 days this February. Month-to-month, there was a 3 percent decline in the number of new listings for sale, a dip from 1,952 in January 2007 to 1,897 in February.

There are three houses for sale on my street, they have sat there for a few months. Glad I’m not selling, wish I had some money to buy.

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