• The market has 861 Active properties this week, 840 last week.
• New to One-Year decreased from 174 to 173 Available.
• Townhouses increased from 23 to 24 available.
• Condos increased from 14 to 15 Available.
• Manufactured Homes increased from 46 to 52 Available.
• Under Contract increased from 288 to 292.
• The Average Sales Price increased to $348,449
• Absorption rate is 4.77
• The DOM- (Days on the Market) this week is 86 days.

Current Inventory Of Homes 09/15/26



Absorption Rate- 4.77

Active- 861

New Listings- 12 (Available Properties)

Under Contract- 292

New To One Year- 173 (Available Properties)

Condos- 15 (Available Properties)

Manufactured Homes- 52 (Available Properties)

Townhomes- 24 (Available Properties)

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Total Site-Built Homes Available = 809

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The Las Cruces housing market saw another increase in inventory this week. Active listings climbed from 840 to 861, an increase of 21 properties, while available site-built homes rose from 794 to 809, adding 15 more options for buyers. The absorption rate moved slightly higher from 4.73 to 4.77, continuing to reflect a relatively balanced market despite the growth in available inventory.

Buyer activity also remained strong, with properties under contract increasing from 288 to 292. New-to-one-year listings were virtually unchanged, moving from 174 to 173. Condo inventory increased from 14 to 15, manufactured homes saw the largest increase among the smaller categories, rising from 46 to 52, and townhouses increased from 23 to 24.



Overall, this week’s numbers show a Las Cruces market with more inventory while buyer activity continues to hold strong. Buyers are benefiting from additional choices, while the increase in homes under contract demonstrates that demand remains active. With 292 properties under contract and the absorption rate remaining below five months, the market continues to provide positive opportunities for both buyers and sellers as we move further into the fall season. 🏡📈



Absorption Rate- 4.77

Active Homes- 861

Average List Price (Actives)- $428,962

Average Sales Price (Sold)- $348,449

Average DOM (Days On the Market)- 86

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09/15/26

30 Year Fixed Rate- 6.76%

15 Year Fixed Rate- 6.09%

*Source-www.HSH.com

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Absorption Rate

4.77, Last Year 5.38

Absorption Rate Definition-

The Absorption Rate, in Months chart shows how long the current inventory of properties would last at the current rate of sales.

If no new properties were added to the market, and sales continued at a steady pace, the Absorption rate indicates the number of months required to sell all the properties on the market.

Absorption rate is based on two numbers:

• The number of active listings
• The average number of listings sold per month for the previous n months.

The number of active listings is a "snapshot" of listings active on a single day (the 15th of the month). The number of months of sold listings, here, is 12.

The formula is Absorption Ratio = A ÷ N

Where A = listings active on the 15th of the month, and

N = the average number of listings sold during each of the previous 12 months

Months Supply of Inventory by Price Range

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August Development Activity Report