Albuquerque Market Statistics November 2014

Home Sales Increase In Albuquerque In November 2014

I understand this data is a little dated, however, it is important to understand your local market.  I am going to provide the past 6 months of statistics and will then provide monthly updates.  With 6 months of data, this will help Albuquerque real estate investors with data to understand this market.

The number of homes sold in the Albuquerque housing increased by 3.33% to 435 in November 2014 compared to 421 in November 2013.

The number of homes pended in the Albuquerque housing increased by 3.89% to 401 in November 2014 compared to 386 in November 2013. 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.

The average sales price of Albuquerque homes increased by 3.98% to $219,940 in November 2014 compared to $211,527 in November 2013.

The median sales price of Albuquerque homes increased by 2.34% to $175,000 in November 2014 compared to $171,000 in November 2013.

The number of new listings of Albuquerque homes for sale decreased by 6.41% to 642 in November 2014 compared to 686 in November 2013.

The total inventory of homes for sale in Albuquerque increased by 2.33% to 2,503 in November 2014 compared to 2,446 in November 2013.

The number of days on market to sell a home in Albuquerque decreased by 9.09% to 60 in November 2014 compared to 66 in November 2013.

All data is provided by the Greater Association of Albuquerque Realtors December 2014 market statistics.

Bank owned homes in Albuquerque and bank owned homes in Rio Rancho is a great place to begin searching to investment properties.

Myers & Myers Real Estate

505-401-7500