May 2009 Monthly Market Report

Published on Jun 10, 2009

Monthly Highlights
• Single-family, detached homes sales increased 4.4% from the previous month. (page 5)
• The average sales price of single-family, detached homes in the SWMLS market area is at its highest since October 2008. (page 8)
• The days on market for single-family (detached) homes dropped for the third consecutive month. (page 8)
• For the second time this year, Pending homes sales for Rio Rancho single-family, detached homes exceeded the previous month and the previous year’s (May 2008) totals. (page 11)

Contact: Don Padilla, Chairman of the Board, 505-275-3615, dpadilla@gaar.com