There were 4 home sales in Placitas NM during January of 2010. The average sales price of these sales was $600,096. The homes were on the market an average of 172 days, or nearly 6 months.
Here is a look at a five year history of Placitas NM Homes Sales:
As you can see, the number of sales per year has been declining steadily since the peak in 2005.
It's really incredible how prices ballooned up in 2006. Prices are continuing to decline.
Placitas NM home sales will recover as the economy recovers, but make no mistake, it's too early to talk about a recovery in the housing market.