Albuquerque Housing Market Statistics December 2010
Albuquerque housing market statistics is a summary of the Greater Albuquerque Association of Realtors monthly market report. Albuquerque housing market statistics for December 2010 data compared on a year over year basis brings all bad news. My charts at the bottom of this Albuquerque housing market statistics report have key data in red and green, Green is good for the market, Red is bad. Albuquerque housing market statistics for December’s year over year comparison is all red. There was some good news for December; the number of pending sales increased by 13.45% which may be a sign things are starting to turn around. There are national reports on a huge number of foreclosures in the pipeline for various reasons. This pipeline will continue to put pressure the on home pricing. What does all this mean; first it continues to be a buyer’s market and probably will remain that way for most or all of 2011. If you are thinking of buying a home this is great news as there are some amazing deals out there. If you are considering selling or must sell, you may want to make a decision now as prices may continue to fall in 2011. The best time to put you home on the market is late February or early March as the warmer weather will bring out buyers. If you plan to sell your home this year, now is the time to start getting your home ready and call me at 505 401-7500 for a free Comparative Analysis on your home. This is typically a slow time for the real estate market in the Albuquerque metro area and buyers are few, which give them all of the leverage. Real estate investors have always known this is the best time of year to buy homes in the Albuquerque metro real estate market. If you are a seller, you should give consideration to all offers or prepare to hold on to your home until the weather warms up.
Albuquerque Housing Market Statistics Homes Sold
The total number of single family detached Albuquerque homes sold in December 2010 decreased by 1.16% compared to December 2009. Actual number of single family detached Albuquerque homes sold in December 2010 is 342 compared to 346 in December 2009.
Albuquerque Housing Market Statistics Median Price
The median price for single family detached Albuquerque homes in December 2010 declined by 2.08% compared to December 2009. Actual median price for single family detached Albuquerque homes sold in December 2010 is $176,250 compared to $180,000 in December 2009.
Albuquerque Housing Market Statistics Average Price
The average price for single family detached Albuquerque homes in December 2010decreased by 2.48% from December 2009. Actual average price for single family detached Albuquerque homes sold in December 2010 is $214,481 compared to $219,945 in December 2009.
Albuquerque Housing Market Statistics Active Listings
The total number of active listings for single family detached Albuquerque homes in December 2010 increased by 5.06% compared to December 2009. Total active detached single family Albuquerque homes listed in December 2010 increased to 2,947 compared to 2,805 in December 2009.
Albuquerque Housing Market Statistics Days on Market
The average days on market for single family detached Albuquerque homes in December 2010 increased by 6.33% from December 2009. Actual average days on market for single family detached Albuquerque homes listed in December 2010 is 84 days compared to 79 days in December 2009.
Rio Rancho Housing Market Statistics December 2010
Rio Rancho Housing Market Statistics Homes Sold
The total number of single family detached Rio Ranch homes sold in December 2010 decreased by 6.93%compared to December 2009. Actual number of single family detached Rio Rancho homes sold in December 2010 is 94 versus 101 in December 2009.
Rio Rancho Housing Market Statistics Median Price
The median price for single family detached Rio Rancho homes in December 2010 decreased by .44%compared to December 2009. Actual median price for single family detached Rio Rancho homes sold in December 2010 is $168,250 compared to $169,000 in December 2009.
Rio Rancho Housing Market Statistics Average Price
The average price for single family detached Rio Rancho homes in December 2010 decreased by 4.62% from December 2009. Actual average price for single family detached Rio Rancho homes sold in December 2010 is $185,016 compared to $193.970 in December 2009.
Rio Rancho Housing Market Statistics Active Listings
The total number active listings for single family detached Rio Rancho homes in December 2010 increased by 12.58%compared to December 2009. Total number of active detached single family Rio Rancho homes listed in December 2010 increased to 841 compared to 747 in December 2009.
Rio Rancho Housing Market Statistics Days on Market
The average days on marketfor single family detached Rio Rancho homes in December 2010 increased by 7.69%from December 2009. Actual average days on market for single family detached Rio Rancho homes listed in December 2010 is 84 days compared to 78 days in December 2009.
For those of you that prefer to see the data in a table format I have provided that format below. Green numbers are positive trends and red numbers are negative trends.
Housing Market Statistics Homes Sold
| Area Name | MLS Area | December 2009 | December 2010 | Increase (Decrease) |
| Albuquerque | 10 – 121 | 346 | 342 | (1.16%) |
| Rio Rancho | 140 – 162 | 101 | 94 | (6.93%) |
 Housing Market Statistics Median Price
| Area Name | MLS Area | December 2009 | December 2010 | Increase (Decrease) |
| Albuquerque | 10 – 121 | $180,000 | $176,250 | (2.08%) |
| Rio Rancho | 140 – 162 | $169,000 | $168,250 | (.44%) |
Housing Market Statistics Average Price
| Area Name | MLS Area | December 2009 | December 2010 | Increase (Decrease) |
| Albuquerque | 10 – 121 | $219,945 | $214,481 | (2.48%) |
| Rio Rancho | 140 – 162 | $193,970 | $185,016 | (4.62%) |
Housing Market Statistics Days on Market
| Area Name | MLS Area | December 2009 | December 2010 | Increase (Decrease) |
| Albuquerque | 10 – 121 | 79 | 84 | 6.33% |
| Rio Rancho | 140 – 162 | 78 | 84 | 7.69% |
