Property Valuation
In a New Mexico market where demand is high and supply is limited (seller's market), property values tend to:
ADecrease
BIncrease✓ Correct
CRemain stable
DFluctuate with no trend
Explanation
In a seller's market (high demand, low supply), competition among buyers drives prices upward. This is the basic law of supply and demand as it applies to real estate.
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