In Albuquerque, we have noticed that the trend seems to be up, for example the last market report from the Greater Albuquerque Association of Realtors shows the listing inventory is UP 7% and days on the markets are also DOWN 15%. Closed sales are UP 16%. The median sales price is $199,450 which is UP 6% from the previous year. Q Realty would really like to show you the benefits of selling your home or buying your first home or an upgrade/downgrade. By the KCM Blog We recently shared that over … [Read more...]
Fed announces third rate hike in 7 months
BY CAROLINE FEENEY, Inman News As anticipated, today the Federal Reserve implemented a quarter-point federal funds rate hike, increasing its benchmark target to between 1 percent and 1.25 percent “in view of realized and expected labor market conditions and inflation,” the Federal Open Market Committee said. The decision marks the fifth hike since December 2015, when the Fed first raised rates post-financial crisis after an eight-year hiatus. In March, the Federal Reserve governors voted to raise interest … [Read more...]
3 Charts That Shout, ‘List Your Home Today!’
These reports show national numbers, we are shown on this as a "moderate" market for buyer activity but we are seeing otherwise. Our listing inventory is down 24% and the average days on market are down 16% from 2016. This proves we are not a stale market. Most homes are going under contract within the first 54 days of listing. Check out the local statistics at the bottom of the page. Information provided by KCM Blog In school, we all learned the theory of supply and demand. When the … [Read more...]
Who can afford a house in Albuquerque?
Source: Albuquerque Business First A new housing study from online real estate company Trulia shows Albuquerque teachers can afford a bit more than half of the homes on the market here. With houses in Albuquerque having a median listing price of $229,000, Truliareported Albuquerque teachers could afford about 59 percent of Albuquerque's home listings. Teachers in the Duke City had a median income of $49,393 in 2016. First responders, which include police officers, sheriff's deputies and firefighters, were in … [Read more...]
Do You Know the Real Cost of Renting vs. Buying?
Before you consider renewing your lease you should consider purchasing a home. Our market is currently fast moving meaning homes are not staying on the market for a long amount of time. The current loan programs are allowing more renters to get started on the process of moving into their dream homes. The first step to take is talk with a reputable lender to see if you qualify for a loan. There are several programs available to help you get into a home. If you are unable to qualify at the time of application … [Read more...]
5 Reasons to Sell This Summer
by The KCM Crew As the temperature rises, buyers are coming out ready to purchase their dream homes. The summer is a great time to list your home for sale. Here are five reasons why: 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! Take advantage of the buyer activity currently in the … [Read more...]
May 2015 Market Update
Welcome to Q Realty's May 2015 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 May, the number of Active listings was down 27% from May 2014 and down 5% from April. 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 May … [Read more...]
April 2015 Market Update
Welcome to Q Realty's April 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 April, the number of Active listings was down 23% from April 2014 and down 1% from March. 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 … [Read more...]
Before Moving, Check Out the Neighborhood
One of the first questions most buyers ask is "How is the neighborhood?" While we can share real estate market stats and data for an area, we cannot quote crime stats or school ratings. Before writing an offer, we encourage all buyers to RESEARCH, RESEARCH and RESEARCH some more! The following links are useful when researching a neighborhood: City Data Neighborhood Scout We are also often asked if a neighborhood is safe. While no community is entirely exempt from crime, some neighborhoods experience fewer … [Read more...]
March 2015 Market Update
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 … [Read more...]
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