How is new construction selling in Las Cruces? We have compiled the following 12 month absorption rate report as of November 13th, 2008 (12 months data):
| Price Range | # Active Listings | # Sales | Avg. # Sales/Month | # Months to Absorb Current Inventory |
| $100,000 - 129,999 | 27 | 13 | 1.1 | 24.9 |
| $130,000 - 139,999 | 4 | 21 | 1.8 | 2.3 |
| $140,000 - 149,999 | 8 | 10 | 0.8 | 9.6 |
| $150,000 - 159,999 | 6 | 8 | 0.7 | 9 |
| $160,000 - 169,999 | 22 | 36 | 3 | 7.3 |
| $170,000 - 179,999 | 18 | 18 | 1.5 | 12 |
| $180,000 - 189,999 | 8 | 21 | 1.8 | 4.6 |
| $190,000 - 199,999 | 16 | 10 | 0.8 | 19.2 |
| $200,000 - 249,999 | 57 | 60 | 5 | 11.4 |
| $250,000 - 299,999 | 16 | 27 | 2.3 | 7.1 |
| $300,000 - 349,999 | 20 | 24 | 2 | 10 |
| $350,000 - 399,999 | 34 | 18 | 1.5 | 22.7 |
| $400,000 - 449,999 | 10 | 8 | 0.7 | 15 |
| $450,000 - 499,999 | 16 | 7 | 0.6 | 27.4 |
| $500,000 - 599,999 | 13 | 8 | 0.7 | 19.5 |
| $600,000 - 699,999 | 9 | 5 | 0.4 | 21.6 |
| $700,000 - 799,999 | 6 | 6 | 0.5 | 12 |
| $800,000 - 899,999 | 4 | 2 | 0.2 | 24 |
| $900,000 - 999,999 | 1 | 0 | 0 | n/a |
| $1,000,000 + | 2 | 1 | 0.1 | 24 |
We will be performing an analysis comparing residential resale absorption versus new construction and post to this blog with detailed analysis.
