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Banorte Index Shows Mexico Home Prices Up 4.9% in November

The high-frequency gauge highlights persistent urban demand in a market led by Mexico City prices.

Overview

  • The national average reached 31,397 pesos per square meter, up 0.2% from October and 4.4% year to date.
  • Mexico City posted 57,975 pesos per square meter with a 5.4% annual increase, the highest level in the country.
  • Tamaulipas remained the most affordable at 18,335 pesos per square meter yet logged a 9.3% yearly rise.
  • Short-term moves were mixed, with Hidalgo leading monthly gains at 1.6% and Nuevo León showing a 0.8% drop.
  • Market composition figures vary by outlet, with La Voz and Alto Nivel citing a 54% apartment share versus Milenio’s 79.1%, and new housing at 43.3% in some reports.