Albuquerque Housing Market Statistics November 2010
Please read 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 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 NM 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 ABQ 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
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 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 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 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.
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%) |
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%) |
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% |
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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