Hurley, NM

Real estate in Hurley, NM is a hot commodity. With an average list price of $269,000 and an average sale price of $319,000, Hurley real estate is in high demand. The city has seen a significant influx of new residents in recent years, which has driven up prices and made it difficult for people to find affordable housing.

The city's economy is based largely on agriculture and mining. However, the recent recession has had a negative impact on both industries, leading to a decline in the local economy. This has led to a decrease in the number of jobs available and an increase in the cost of living. As a result, many people are looking for homes that are affordable and within walking distance to amenities such as restaurants and shops.

There are several factors that contribute to the high demand for real estate in Hurley. First, the city is located within close proximity to several major tourist attractions such as Mount Rushmore National Monument and Crazy Horse Memorial Park. Second, there are plenty of shopping options available nearby including Walmart and Target stores as well as smaller boutiques and retailers. Third, Hurley is home to several schools including two universities which makes it an attractive place to raise children. Finally, the city's infrastructure is well-maintained which makes it easy for residents to get around town.

Despite these positive factors, there are also some challenges that come with living in Hurley. For example, prices have increased significantly over the past few years which means that it can be difficult for people who don't have deep pockets to buy a home here. Additionally, there isn't much available space for new development so competition for homes is fierce - this can lead to bidding wars or high prices when properties do come up for sale."