88203, Roswell, NM

Roswell, NM is located in the southwestern corner of the state and has a population of just over 100,000. Home prices in Roswell have been on the rise for the past few years, reaching a peak of $269,000 in 2016. In 2017, prices dipped slightly to $265,000 but rebounded to reach their current level of $269,000 by early 2018.

There are several factors that have contributed to the increase in home prices in Roswell. First and foremost is the strong economy which has led to an influx of new residents and increased demand for housing. Second is the low supply of homes available for sale which has driven up prices even more. Finally, there is a limited number of homes that are available at any given time due to zoning restrictions and other regulations that limit development in certain areas.

Despite these positive trends, there are some risks associated with buying a home in Roswell. For example, if interest rates rise or if the market crashes suddenly there could be significant consequences for homeowners who have taken out loans against their home equity. Additionally, although Roswell's economy is strong right now it may not remain stable over time - if this were to happen then home values could decline significantly.