Albuquerque Housing Market Strong in August 2015
Albuquerque Housing Market Homes Sales August 2015
Albuquerque housing market experienced an increase in the number of Albuquerque New Mexico homes sold by 23.5% to 678 homes in August 2015 compared to 549 homes in August 2014. The number of Albuquerque homes sold in July 2015 was 678.
Albuquerque housing market experienced an increase in the number of Albuquerque New Mexico homes pended by 26.01% to 807 in August 2015 compared to 569 homes in August 2014. The number of Albuquerque homes pended in July 2015 was 807. 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 Pricing August 2015
Albuquerque housing market experienced an increase in the average sales price of homes in Albuquerque by 5.39% to $232,419 in August 2015 compared to $220,536 in August 2014. The average sales price of Albuquerque homes in July 2015 was $217,319.
Albuquerque housing market experienced an increase in median sales price of Albuquerque homes by 2.16% to $194,000 in August 2015 compared to $189,900 in August 2014. The median sales price of Albuquerque homes in July 2015 was $184,500.
Albuquerque Housing Market Home Inventory August 2015
Albuquerque housing market experienced a decrease in the total inventory of homes for sale in Albuquerque by 20.66% to 2,342 in August 2015 compared to 2,887 in August 2014. The inventory of Albuquerque homes for sale in July 2015 was 2,383. Albuquerque is also experiencing a decline in foreclosed homes. We still have foreclosed home to purchase but they are not as good of deals as the past. The market is shifting and investors must make adjustments.
Albuquerque housing market experienced a decrease in the number of new Albuquerque NM homes listed for sale by 5.31% to 945 in August 2015 compared to 998 in August 2014. The number of new listings of Albuquerque homes for sale in July 2015 was 1,096.
Albuquerque housing market experienced a decrease in the number of days on market to sell a home in Albuquerque by 17.24% to 48 days in August 2015 compared to 58 days in August 2014. The number of days on the market in Albuquerque in July 2015 was 49.
All data is provided by the Greater Association of Albuquerque Realtors August 2015 market statistics.
505-401-7500
Comments