Albuquerque Housing Market August 2014

Home Sales Decline 11.99% In Albuquerque August 2014

The number of Albuquerque New Mexico homes sold decreased by 5.18% to 549 homes in August 2014 compared to 579 homes in August 2013.

The number of Albuquerque New Mexico homes pended declined by 5.64% to 569 in August 2014 compared to 603 homes in August 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 total inventory of homes for sale in Albuquerque increased by 14.91% to 2,952 in August 2014 compared to 2,569 in August 2013.

The number of new Albuquerque NM homes for sale increased by 11.76% to 990 in August 2014 compared to 893 in August 2013.

The Albuquerque housing market experienced a huge increase in the number of homes on the market, a huge increase in the number of new listings, and a reduction in the number of homes sold in August 2014. This is good news for home buyers and bad news for sellers of homes.

The average sales price of Albuquerque homes declined by 4.82% to $220,536 in August 2014 compared to $231,706 in August 2013. This is a significant decline, the average sales price of homes in Albuquerque in July 2014 was $233,648.

The median sales price of Albuquerque homes increased 2.65% to $189,900 in August 2014 compared to $185,000 in August 2013.

The total inventory of homes for sale in Albuquerque increased by 14.91% to 2,952 in August 2014 compared to 2,569 in August 2013.

The number of new Albuquerque NM homes for sale decreased by 1.44% to 1,030 in August 2014 compared to 1,048 in August 2013.

The number of days on market to sell a home in Albuquerque increased by 11.11% to 60 in August 2014 compared to 54 in August 2013.

Myers & Myers – Albuquerque Real Estate Specialists – Call Today! (505) 401-7500

For buyers, our foremost goal is to provide you with exceptional customer service and assist you in finding the right home in the right neighborhood. Our goals are to help you purchase the right home, make sure you don’t miss out on any homes that meet your needs, and make sure you don’t pay too much for your next home. Please utilize our Albuquerque real estate expertise to make your home search and buying experience as stress free and rewarding as possible.

Albuquerque Homes For Sale

If you considering selling your Albuquerque home, we utilize the latest, cutting-edge, real estate marketing tools to expose your property to the widest range of potential buyers. We are here to get your Albuquerque home for sale aggressively marketed to sell as quickly as possible and for the best price! Our goals are to help you get your home sold and get you where you want to go on time, put you in the strongest negotiating position as possible, and to make it easier for you and reduce surprises.

Get a Free Valuation on Your Albuquerque Home for Sale

Our extensive knowledge of the Albuquerque real estate market allows us to guide our clients intelligently. Whether you are looking to buy, sell or invest, our mission is to provide you with exceptional customer service and assist you throughout the entire transaction.

Please call us today or fill out the online contact form,. Let us know how we can best serve your Albuquerque real estate needs. We look forward to speaking with you!

John Myers, Owner and Qualifying Broker
Myers & Myers Real Estate
Office: 505 401-7500
Cell: 505-401-7500
Email: [email protected]com