Welcome to Q Realty’s July 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 local market.
In July, the number of Active listings in Albuquerque was down 2% from 2012 and down 5% from June of 2013. This smaller inventory means that Albuquerque Buyers who waited to buy had a smaller selection of homes to choose from. The median listing price for July was $210,000 compared to $191,000 in 2012. Compared to 2012, the average Days on Market (DOM) to sell a home was down 3% to 58 Days on Market, which may signal a positive trend in the local inventory turnover rate. The number of homes sold in Albuquerque increased 17% year over year, but decreased 10% month over month – Higher year over year figures indicated that more Albuquerque buyers are finding what they’re looking for.