Market Data for Albuquerque Homes Zip Code 87107
Below you will find the first of many charts highlighting the market conditions over the last year. My data has been collected over the last year and I am able to provide it to you for the area you live.
This chart illustrates the median price of Albuquerque homes in the 87107 zip code. It shows that the median home price in the North Valley was at a high during the 3rd quarter of 2010 and declined steadily until it began to rebound in February of 2011.
Does this mean that home prices fell? NO, in fact it does not. It simply means that more homes in the lower price ranges sold than in the upper price ranges. This is a natural curve for these times of the year and I expect we’ll see a similar spike toward the middle part of 2011.
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