Albuquerque Housing Market May 2015 Sales Increase 15%
Albuquerque housing market May 2015 experienced an increase in the number of Albuquerque New Mexico homes sold by 15.52% to 636 homes in May 2015 compared to 552 homes in May 2014. The number of Albuquerque homes sold in April 2015 was 581.
Albuquerque housing market May 2015 experienced an increase in the number of Albuquerque New Mexico homes pended by 24.96% to 866 in May 2015 compared to 693 homes in May 2014. The number of Albuquerque homes pended in April 2015 was 805. 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 May 2015 Home Pricing
Albuquerque housing market experienced a decrease in the average sales price of homes in Albuquerque by 1.29% to $229,854 in May 2015 compared to $232,859 in May 2014. The average sales price of Albuquerque homes in April 2015 was $215,899.
Albuquerque housing market experienced an increase in median sales price of Albuquerque homes by 3.53% to $188,950 in May 2015 compared to $182,5000 in May 2014. The median sales price of Albuquerque homes in April 2015 was $183,300.
Albuquerque Housing Market May 2015 Home Inventory
Albuquerque housing market experienced a decrease in the total inventory of homes for sale in Albuquerque by 15.37% to 2,258 in May 2015 compared to 2,668 in May 2014. The inventory of Albuquerque homes for sale in April 2015 was 2,285.
Albuquerque housing market experienced a decrease in the number of new Albuquerque NM homes for sale by 5.49% to 1,051 in May 2015 compared to 1,112 in May 2014. The number of new listings of Albuquerque homes for sale in April 2015 was 1,117.
Albuquerque housing market experienced a decrease in the number of days on market to sell a home in Albuquerque by 0,0% to 59 days in May 2015 compared to 59 days in May 2014. The number of days on the market in Albuquerque in April 2015 was 66.
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John Myers, Owner and Qualifying Broker
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Map of Albuquerque, New Mexico
All data for this report on Albuquerque Housing Market May 2015 is taken from the Greater Association of Albuquerque of Realtors monthly market statistics.
