Regional
11:43 am
Tue December 28, 2010

Las Cruces Home Sales Continue To Fall

Las Cruces – Home sales are down in Las Cruces for the fourth year in a row.

The Las Cruces Association of Realtors says 1,042 homes sold in Las Cruces as of the end of November, with the homes having a median value of $163,429. For the first 11 months of last year, 1,281 homes sold with a median value of $164,190.

It marked the fourth straight year that Las Cruces has seen a decline in home sales.

The association says that in 2006, some 2,082 homes sold, nearly double the 2010 mark. The median price was $184,050.

The incoming president of the association, Evan Self of Garland Realty, says he expects the market to stay much the same in 2011.

Realtors are hoping low interest rates will stimulate activity.

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Information from: Las Cruces Sun-News, http://www.lcsun-news.com

Copyright 2010 The Associated Press.