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Home » Albuquerque Housing Market Statistics October 2010

Albuquerque Housing Market Statistics October 2010

Albuquerque Housing Market Statistics November 2010

Albuquerque housing market statistics is a summary of the Greater Albuquerque Association of Realtors monthly report.  Albuquerque housing market statistics for October market data brings a mixed bag of information.  The good news is the median and average prices of Albuquerque homes increased by 5.45% and 11.98% respectively.  The downside is the inventory of Albuquerque homes increased by 14.12% and the number of days on market increased by 23.8%.  More good news is that the median and average prices of Rio Rancho homes increased by 14.55% and 13.31% respectively.  In addition, Rio Rancho homes days on market decreased by 13.4%.  On the downside the inventory of Rio Rancho homes increased by 14.8%.  The most alarming data is the fact the number of Albuquerque homes and Rio Rancho homes sold decreased by 41%.  This large drop in the number of homes sold may be an indicator that home prices may be ready for a decrease.  This is a slow time for real estate sales and typically remains slow through February.  Read on for all the details.

Albuquerque Housing Market Statistics

Albuquerque Housing Market Statistics Homes Sold

The total number of single family detached Albuquerque homes sold in October 2010 decreased by 41% compared to October 2009.  Actual number of single family detached Albuquerque homes sold in October 2010 is 298 compared to 506 in October 2009.

Albuquerque Housing Market Statistics Median Price

The median price for single family detached Albuquerque homes in October 2010 increased by 5.45% compared to October 2009.  Actual median price for single family detached Albuquerque homes sold in October 2010 is $182,633 compared to $173,200 in October 2009.

Albuquerque Housing Market Statistics Average Price

The average price for single family detached Albuquerque homes in October 2010 increased by 11.98% from October 2009.  Actual average price for single family detached Albuquerque homes sold in October 2010 is $235,302 compared to $210,137 in October 2009.

Albuquerque Housing Market Statistics Active Listings

The total number of active listings for single family detached Albuquerque homes in October 2010 increased by 14.12% compared to October 2009.  Total active detached single family Albuquerque homes listed in October 2010 increased to 3,386 compared to 2,967 In October 2009.

Albuquerque Housing Market Statistics Days on Market

The average days on market for single family detached Albuquerque homes in October 2010 increased by 23.81% from October 2009.  Actual average days on market for single family detached Albuquerque homes listed in October 2010 is 78 days compared to 63 days in October 2009.

Rio Rancho Housing Market Statistics

Rio Rancho Housing Market Statistics Homes Sold

The total number of single family detached Rio Ranch homes sold in October 2010 decreased by 41% compared to October 2009.  Actual number of single family detached Rio Rancho homes sold in October 2010 is 75 versus 128 in October 2009.

Rio Rancho Housing Market Statistics Median Price

The median price for single family detached Rio Rancho homes in October 2010 increased by 14.55% compared to October 2009.  Actual median price for single family detached Rio Rancho homes sold in October 2010 is $189,000 compared to $165,000 in October 2009.

Rio Rancho Housing Market Statistics Average Price

The average price for single family detached Rio Rancho homes in October 2010 increased by 13.31% from October 2009.  Actual average price for single family detached Rio Rancho homes sold in October 2010 is $208,037 compared to $183,595 in October 2009.

Rio Rancho Housing Market Statistics Active Listings

The total number active listings for single family detached Rio Rancho homes in October 2010 increased by 14.80% compared to October 2009.  Total number of active detached single family Rio Rancho homes listed in October 2010 increased to 869 compared to 757 in October 2009.

Rio Rancho Housing Market Statistics Days on Market

The average days on market for single family detached Rio Rancho homes in October 2010 decreased by 13.41% from October 2009.  Actual average days on market for single family detached Rio Rancho homes listed in October 2010 is 71 days compared to 82 days in October 2009.

Housing Market Statistics Homes Sold

Area Name MLS Area October 2009 October 2010 Increase (Decrease)
Albuquerque 10 – 121 506 298 (41%)
Rio Rancho 140 – 162 128 75 (41%)
Corrales 130 7 4 (43%)
East Mountain 210 – 240 24 18 (25%)

Housing Market Statistics Median Price

Area Name MLS Area October 2009 October 2010 Increase (Decrease)
Albuquerque 10 – 121 $173,200 $182,633 5.45%
Rio Rancho 140 – 162 $165,000 $189,000 14.55%
Corrales 130 $395,000 $515,750 30.6%
East Mountain 210 – 240 $246,500 $211,500 (14.2%)

Housing Market Statistics Average Price

Area Name MLS Area October 2009 October 2010 Increase (Decrease)
Albuquerque 10 – 121 $210,137 $235,302 11.98%
Rio Rancho 140 – 162 $183,598 $208,037 13.31%
Corrales 130 $495,375 $419,357 18.1%
East Mountain 210 – 240 $268,539 $275,913 2.7%

Housing Market Statistics Days on Market

Area Name MLS Area October 2009 October 2010 Increase (Decrease)
Albuquerque 10 – 121 63 78 23.81%
Rio Rancho 140 – 162 82 71 (13.41%)
Corrales 130 46 199 432%
East Mountain 210 – 240 96 116 (21.6%)
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Posted in: Albuquerque Housing Market Statistics, Albuquerque NM, Market Statistics

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