Welcome to Q Realty’s August 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 August, the number of Active listings in Albuquerque was up 3% from 2012 and down 3% from August of 2013. This means that Albuquerque buyers enjoyed a greater selection of homes than they did one year ago. The median listing price for August was $200,000 compared to $192,000 in 2012. Compared to 2012, the average Days on Market (DOM) to sell a home was down 5% to 57 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, compared to $166,000 in 2012. The number of homes sold in Albuquerque increased 18% year over year, but decreased 8% month over month – Higher year over year figures indicated that more Albuquerque buyers are finding what they’re looking for.