New Downward Trend in Contracts for Hagerman Real Estate Market

Sales remained steady from last week to this week, with one home sold in the Hagerman market over the last 30 days. However, an emerging downturn in the number of pending transactions continued, with one completed in the same period. The median sales price tumbled to $28,000, down from last week's $105,000. A downturn in contracts, coupled with the availability of 21 months of inventory, prove that Hagerman is a strong buyer's market.

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Demographic facts about Hagerman:

  • The median value of all homes is $139,600.
  • Average number of rainy days is 73 per year. (U.S. average: 100)
  • This area has an unemployment rate of 5.9%.
  • The students per teacher ratio in this area is 13.1:1. (15.3:1 = national average)

Data reported through 10/19/2016

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