I keep an eye on California and Las Vegas but its also fun to see what’s happening in smaller nearby real estate markets like Farmington, New Mexico and Durango, Colorado.
In Farmington, “The median price has lingered around $175,000 and it takes between 70 and 90 days on average for a home to sell.” Not bad.
This is cute.
Roughly 75 homeowners listed their homes for sale in December but in March, the latest month statistics are available, that number doubled to more than 160.
Durango, Colorado hasn’t been so lucky.
The Durango Area Association of Realtors released its first quarter statistics on Friday, which showed a drop in median home values within La Plata County from $345,000 last year to $328,000 this year.
Still, that’s only a 5% fall.