Los Alamos Market Status

This is a short note to provide a snapshot of the Los Alamos County housing market, as of June 30, 2021.

Comparison between the recent three months of 2021 to the same months in 2020, of sold-home information

Comparison to April 2020 - June 2020, of sold-home information Period Homes Sold Days on Market Average Home Price Av. Price per SQFT Apr(20) - Jun(20) 94 20 383,792 208 Apr(21) - Jun(21) 93 15 399,390 222

Increased hiring by the Los Alamos National Lab is driving the Los Alamos housing market. The average home price in the last three months (April - June, 2021) and the average price-per-square-foot for these periods are significantly higher than last year's. 55% of the homes (an unusually large percentage) sold in Los Alamos in the last three months, were sold above their asking price, indicating significant competition between offers. As of July 29, 2021, there are 13 (!) active listings in Los Alamos County, a very low inventory. In summary, house sales are dynamic, and prices are significantly increasing. The very low mortgage rates make this an attractive market for buyers, and the very low inventory makes this a very attractive market for sellers!

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