Welcome to Q Realty’s March 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 March, the number of Active listings was down 17% from March 2014 and down 4% from February. 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 March was $219,500 compared to $199,900 in March 2014. Compared to 2014, the average Days on Market (DOM) to sell an Albuquerque home has remained at 68 Days on Market. The median sales price for Albuquerque Homes was $179,000, compared to $175,000 in February and $173,900 in March 2014. The number of homes sold in Albuquerque increased 6% year over year and increased 43% from February.
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