Have you heard that there is an R-22 Freon Phaseout?

As of January 2020 it will be illegal to import or manufacture R-22 and R-410A will take its place as a more environmentally friendly option. As R-22 supplies deplete the cost will increase.

The lifespan of a current air conditioners is 15 to 20 years so by 2030 industry experts agree that most all old units will have been replaced or need replacement.

Call our office to see how you can protect yourself if you air conditioner fails. (505) 886-1432.

Mortgage interest rates have remained steady although a recent slide has prompted buyers to start searching for a home and sellers are looking to refinance. Either way if you are looking for the best interest rate contact our local preferred lender Jessica Haselby at (505) 907-2427 with Finance of  America.

Current Mortgage Interest Rates

Conventional 30 Year Fixed Mortgage 3.75% - Call for additional interest rates. (505) 886-1432

 Hot New Listings For Sale

If you want the quickest way to check your home value simply use the tool below and enter your home details.

Click the links under 'Downloads' to access the Full Market Report (Monthly Indicators) or the Green Sheet Report for the May 2019 Monthly Statistics.

Click here to download the complete May 2019 Local Market Snapshot reports, presented by zip code and MLS area.

Highlights (the highlights are a comparison between April 2018 and April 2019)

• the median detached home price rose 9.1 percent to $228,000
• the average detached home price rose 11.5 percent to $266,414
• overall inventory of detached homes for sale decreased  29.3  percent to 2,273
• the number of closed sales for detached homes increased 4.3 percent to 1,312
• the number of detached homes going under contract rose 10.3  percent to 1,312

Mortgage interest rates have remained steady although a recent slide has prompted buyers to start searching for a home and sellers are looking to refinance. Either way if you are looking for the best interest rate contact our local preferred lender Jessica Haselby at (505) 907-2427 with Finance of  America.

Current Mortgage Interest Rates

Conventional 30 Year Fixed Mortgage 4.125% - Call for additional interest rates. (505) 886-1432

 Hot New Listings For Sale

Agent: This is a hot property, there are multiple offers on it.

Buyer: Multiple offers! I don't want to get involved in that, let's go find another home.

Agent: I understand however this home meets 8 out of your 10 features that you want in a home. It's worth trying...

This conversation has been had many times over in the past 6 months and with good reason. Inventory is down and there are many buyers looking to buy a home. So how do you win in this real estate market? There are a few options and I will list them below.

First If you see a home you like, call your agent immediately and schedule a showing! And if you love it you should make your offer as strong as possible. This means weighing all the options, working with your agent to review

Click here to download the complete April 2019 Local Market Snapshot reports, presented by zip code and MLS area.

Highlights (the highlights are a comparison between April 2018 and April 2019)

• The median detached home price rose 3.3 percent to $216,000
• The average detached home price rose 6.2 percent to $259,974
• Overall inventory of detached homes for sale decreased  27.7  percent to 2,153
• The number of closed sales for detached homes increased 4.1 percent to 1,127
• The number of detached homes going under contract rose 18.8  percent to 1,390

On another excellent Client Experience. Put us to work! We would love to help you with your home sale or purchase and will work hard to make the process as easy as possible.

Put us to work! We would love to help you with your home sale or purchase and will work hard to make the process as easy as possible.

NM Welcome Home Team experience was great! From the knowledge and expertise of our realtor Johnathan Tenorio, we were able to have a successful negotiation and get our dream home. The office staff (Renee Gomez) and the client portal kept us on task for each and every detail from the very beginning through closing. It was a pleasant experience. We will definitely recommend the NM Welcome Home Team to family and friends." lorraineotero29.

Click here to download the complete March 2019 Local Market Snapshot reports, presented by zip code and MLS area.

Highlights (the highlights are a comparison between March 2018 and March 2019)

• The median detached home price rose 7.6 percent to $213,000
• The average detached home price rose 2.9 percent to $248,770
• Overall inventory of detached homes for sale decreased 27.3 percent to 2,075
• The number of closed sales for detached homes decreased 8.6 percent to 972
• The number of detached homes going under contract rose 13.8 percent to 1,359