Albuquerque Housing Market Sales Down 12% In July 2014
Yes you read the headline correctly, the number of homes sold in Albuquerque in July 2014 is down 12% compared to the number of homes sold in July 2013. The number of homes sold in Albuquerque in July 2014 was 565 compared to 642 in July of 2013. The number of homes for sale in Albuquerque in July 2014 increased by 13.48% compared to July 2013. The Albuquerque housing market is experiencing less buyers and more homes on the market. As a result of this situation it took almost 8% longer for home owners to sell their homes. There was some good news for the Albuquerque housing market, the average sales price increased by 1.61% in July 2014 to $233,648 compared to July 2013. The median price for homes in Albuquerque remained the same at $190,000. While many states are experiencing strong growth in home prices, Albuquerque housing market is still struggling. The Albuquerque housing market is a reflection of the Albuquerque economy. The Albuquerque housing market and the Albuquerque are improving ever so slowly. Albuquerque needs more high paying private sector jobs for this economy and housing market to improve. The Albuquerque and Rio Rancho economy are also suffering from good paying jobs lost at the Intel manufacturing plant in Rio Rancho New Mexico.
Myers & Myers Real Estate in the only full service real estate company you will need if you are buying or selling a home, house, homes, real estate, townhouses, townhomes, lots, land, foreclosures or investment property in Albuquerque, Rio Rancho, or New Mexico, NM.
We have 10 step process to help home buyers. Our goals are:
- Help you find the right home
- We don’t want you to pay too much for your home
- Make sure you don’t miss out on any homes that meet your criteria.
We have a 14 step process to help home sellers. Our goals are:
- Help you get your home sold and get you where you want to go one time,
- To help put you in the strongest negotiating position possible,
- To make it easier for you and reduce surprises