Albuquerque Housing Market Statistics February 2015

Albuquerque Housing Market Home Pricing February 2015

Albuquerque real estate market experienced a decrease in the average sales price of homes in Albuquerque by 1.32% to $206,061 in February 2015 compared to $208,819 in February 2014. The average sales price of Albuquerque homes in January 2015 was $214,109.

Albuquerque housing market experienced an increase in median sales price of Albuquerque homes by 1.16% to $174,950 in February 2015 compared to $172,950 in February 2014. The median sales price of Albuquerque homes in January 2015 was $175,000.

Albuquerque Housing Market Homes Sales February 2015

Albuquerque housing market experienced an increase in the number of Albuquerque New Mexico homes sold by 8.62% to 378 homes in February 2015 compared to 348 homes in February 2014. The number of Albuquerque homes sold in January 2015 was 341.

Albuquerque housing market experienced a decrease in the number of Albuquerque New Mexico homes pended by 22.17% to 625 in February 2015 compared to 803 homes in February 2014. The number of Albuquerque homes pended in January 2015 was 558. Pended homes is defined as the buyer and seller have agreed to terms on the sale of the home. However, the transaction is not complete and is an indicator to future home sales in Albuquerque.

Albuquerque Housing Market Home Inventory February 2015

Albuquerque housing market experienced a decrease in the total inventory of homes for sale in Albuquerque by 6.26% to 2,111 in February 2015 compared to 2,252 in February 2014. The inventory of Albuquerque homes for sale in January 2015 was 2,149.

Albuquerque housing market experienced a decrease in the number of new Albuquerque NM homes for sale by 1.12% to 794 in February 2015 compared to 803 in February 2014. The number of new listings of Albuquerque homes for sale in January 2015 was 814.

Albuquerque housing market experienced a decrease in the number of days on market to sell a home in Albuquerque by 9.09% to 70 days in February 2015 compared to 77 days in February 2014. The number of days on the market in Albuquerque in January 2015 was 76.

All data is provided by the Greater Association of Albuquerque Realtors February 2015 market statistics.

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