There is a positive absorption rate trend occurring in higher priced homes in Las Cruces, New Mexico. Below is the most rent Absorption Rate Chart for Resale Homes. This chart, which is updated monthly by Steinborn & Associates Real Estate, shows the 12, 9, 6 and 3 month absorption rates and trend by price range.
Note the the trend occurring in the following higher priced bands:
1. $350K to $399K - supply reduced from 18 to 15 months.
2. $500K to