Market Intelligence Report — NM-580

Clovis, NM

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-NM-08
As of the latest 2026 data
Cooling

Median Listing

$239K
+1.9% YoY

Pending Ratio

0.41
+14.3% YoY

Active Inventory

251
-24.2% YoY

Median DOM

60 Days
-9.1% YoY

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The Clovis market is currently characterized by a pending ratio of 0.41, indicating a measured pace of demand absorption relative to available inventory. Active listings contracted significantly by 24.2% year-over-year, yet this was outpaced by a 15.8% decline in new listings. While the median listing price experienced a 6.0% month-over-month increase, its year-over-year growth remains modest at 1.9%.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Clovis market right now.

Inventory dynamics show a notable contraction, with active listings declining by 24.2% and new listings by 15.8% over the past year. Despite this, the pending ratio, currently at 0.41, reflects a moderate demand environment, albeit showing a 14.3% year-over-year increase from a lower base. The median days on market decreased by 9.1% year-over-year to 60 days, suggesting some acceleration in transaction velocity. The median listing price has increased by 1.9% over the past year, with a more pronounced 6.0% month-over-month rise in the most recent period.

Historical Analysis

Market Trends

Median Price

$239K+6.0% MoM

Active Inventory

251-24.2% YoY

Days on Market

60-9.1% YoY

Sold Score™

66+14.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

66
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The present market configuration points to an environment where the absorption pace is relatively moderate, allowing for a more deliberate approach to transactions. The ongoing contraction in both active and new listings creates some underlying inventory pressure. However, a pending ratio at 0.41 suggests that strong price discipline is generally maintained, as rapid demand absorption is not a prevalent feature.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

251 active listings represent the current floor, with new supply arriving at roughly 64 per month.

Pricing Pressure
14.2%

of active listings carry a price reduction, +0.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.1% year-over-year.

Absorption
0.41

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Clovis, NM? Homes here are taking 6 days less to sell than last year.

Clovis, NM is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
41%
Median Days on Market
60 days
Inventory YoY
−24%

Clovis, NM is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Clovis, NM
CBSA Code
17580
State
NM

ZIPs in Clovis, NM

Sorted by active inventory · click a ZIP for its full report