Welcome to Q Realty’s February 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 February, the number of Active listings in Albuquerque was down 25% from 2013 and down 4% from January of 2014. This means that Albuquerque homebuyers had fewer homes to choose from than they did one year ago and the nice homes were selling fast. The median listing price for Albuquerque homes in February was $202,000 compared to $184,000 in 2013. Compared to 2013, the average Days on Market (DOM) to sell an Albuquerque home was up 6% to 76 Days on Market. The median sales price for Albuquerque Homes was $172,000, compared to $174,000 in January of 2014 and $174,000 in February 2013. The number of homes sold in Albuquerque decreased 7% year over year and decreased 5% from January 2014.
We hope you found this video helpful for making smart Albuquerque Real Estate decisions. If you have any questions or if Q Realty can be of any assistance to you or anyone you know, please don’t hesitate to reach us at info@theQrealty.com