And yes you are also right by saying homes are worth what a ready and willing buyer is ready and willing to pay, except that the seller does not have to accept that, which then is depending on the Sellers situation. And the seller based on his market evaluation of his property by his Realtor should also know what the market can bear....
Good Luck to you! Are you working with a Realtor in the search for your next home in New Mexico?
Or are you not yet committed! would you want me to recommend an area Realtor colleague to you?
Let me know firstname.lastname@example.org
Have a great day!