Farmington Real Estate Market Sees Home Sales Down

The Farmington market broke below its 12-month average sales volume this week as sales dropped 22.2% to hit 14 homes sold over the last 30 days. Prices are rising in Farmington, and the median sales price this period increased from $114,450 to $114,500. With decreasing sales and the availability of eight months of inventory, Farmington is a definite buyer's market.

If a home with lots of bedrooms is what you want, then be sure to take a look at these listings in Farmington:

$154K   $319K   $177K  

Get started right now by checking out Farmington homes for sale or reviewing Farmington real estate trends.

Demographic facts for Farmington:

  • The median value of all homes is $105,100.
  • The area gets an average of 101 rainy days each year. (U.S. average: 100)
  • The unemployment rate for this area is 9.0%.
  • The student-to-teacher ratio is 15.8:1. (15.3:1 = national average)

Data reported through 10/19/2016

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