Welcome to Q Realty’s September Albuquerque Real Estate Market Update. Q Realty, Inc. thought you’d find this information helpful and is ready to answer any questions you may have about the Albuquerque, New Mexico real estate market.
In September, the number of Active listings in Albuquerque was down 25% from 2012 and down 12% from September of 2013. This means that Albuquerque homebuyers had fewer homes to choose from than they did one year ago. The median listing price for September was just under $210,000 compared to $190,000 in 2012. Compared to 2012, the average Days on Market (DOM) to sell a home was down 11% to 54 Days on Market, which may signal a positive trend in the local inventory turnover rate. The median sales price for Albuquerque Homes was $180,000. The number of homes sold in Albuquerque increased 11% year over year, but decreased 12% month over month.