However, in Grant County the layoffs impacted sales in August, although sales prices are up.

Sales were down July to August 2015 32.1% - (likely due to the FMI announcement of layoffs).

There were 19 homes sold in Grant County in August 2015 versus 24 sales August of 2014 a decrease of 20.8%.

The median sales price in August of 2015 was $173,000, an increase of 6.1% over the July 2014 sales price of $163,000, and an increase of 46% over the median home sales price of $118,500 in August of last year.

Statistics reported to the REALTORS Association of New Mexico (RANM) indicate that while August sales numbers are down from July 2015, the 1,705 total sales during August 2015 represents a 5.3% increase from sales reported in August 2014. Median prices continue their upward trend. August 2015 median was $185,000. This number is nearly 2% higher than the July 2015 median of $181,500 and 4.5% higher than the August 2014 median of $177,000. Median price indicates half the properties sold for more, half for less.

€œWhile rising median prices are great news for sellers, according to research from the NATIONAL ASSOCIATION OF REALTORS, affordability is falling, € says RANM President Baro Shalizi. €œHousing markets with low inventory levels may continue to experience rising home prices, however, improvement in job creation and steady income gains are necessary to offset major price growth and keep homes affordable. Mortgage applications are currently down for new and existing homes. This trend is partly seasonal; partly a sign that rising rates and rising home prices are having an impact on affordability. €

Year-to-date figures reported continue to keep 2015 sales numbers and median prices ahead of previous years.

Jan.-Aug. 2009
9,245 Sales
$176,665 Median

Jan. - Aug. 2010
9,342 Sales
$173,000 Median

Jan. - Aug. 2011
8,869 Sales
$167,000 Median

Jan. - Aug. 2012
9,967 Sales
$165,000 Median

Jan. - Aug. 2013
11,359 Sales
$170,000 Median

Jan. - Aug. 2014
11,293 Sales
$175,000 Median

Jan. - Aug. 2015
12,516 Sales
$179,000 Median

€œThe residential real estate market continues to play an important role in New Mexico €™s economy, € according to M. Steven Anaya, RANM CEO. €œThe August volume of $393,286,742 is only a part of the economic activity created by home sales, as every sale also results in activity in the home improvement, furniture, insurance, title service, and moving sectors.

The trends and numbers reported are only a snapshot of market activity. If you are interested in buying or selling, consult a REALTOR familiar with your market area; he/she can provide information on specific trends in your neighborhood.