Where New Mexico’s Wealthiest Households Are Buying Homes—and Why It Matters
Households earning over $500,000 per year represent a small but influential segment in New Mexicos housing market. This means there are only a few thousand such households statewide, out of about 856,000 total households. Home values were climbing steadily after a relatively flat decade. Shutterstock The median price for a single-family home in Santa Fe hit a record $460,000 in 2018. Nationally, vacation-home and luxury purchases soared. Vacation home sales jumped 16% in 2020, far outpacing the 5% growth in total home sales....