Albuquerque Housing Market Statistics June 2011
Her is a summary of the market statistics from the Greater Albuquerque Association of Realtors monthly report. June Albuquerque housing market statistics data compared on a year over year basis brings bad news for the Albuquerque housing market and the Rio Rancho housing market. 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. June’s year over year comparison for the Albuquerque housing market continues to show average and median prices are falling.
The Rio Rancho housing market continues to show average and median prices are falling. There is some good news in the Albuquerque housing market, average prices have increased for two months in a row. Rio Rancho average home prices increased in June compared to May. The Albuquerque housing market is being driven by three negative factors, high unemployment, tight lending standards by banks, and the high number of distressed properties for sale. This housing market will continue it’s downward trend until these factors improve.
Albuquerque Housing Market Statistics Homes Sold
The total number of single family detached Albuquerque homes sold in June 2011 decreased by 7.51% compared to June 2010. Actual number of single family detached Albuquerque homes sold in June 2011 is 468 compared to 506 in June 2010.
Albuquerque Housing Market Statistics Median Price
The median price for single family detached Albuquerque homes in June 2011 decreased by 7.98% compared to June 2010. Actual median price for single family detached Albuquerque homes sold in June 2011 is $169,320 compared to $184,000 in June 2010.
Albuquerque Housing Market Statistics Average Price
The average price for single family detached Albuquerque homes in June 2011 decreased by 5.3% from June 2010. Actual average price for single family detached Albuquerque homes sold in June 2011 is $211,320 compared to $223,145 in June 2010.
Albuquerque Housing Market Statistics Active Listings
The total number of active listings for single family detached Albuquerque homes in June 2011 decreased by 12.66% compared to June 2010. Total active detached single family Albuquerque homes listed in June 2011 is 3,043 compared to 3,484 in June 2010.
Albuquerque Housing Market Statistics Days on Market
The average days on market for single family detached Albuquerque homes in June 2011 increased by 18.75% from June 2010. Actual average days on market for single family detached Albuquerque homes listed in June 2011 is 76 days compared to 64 days in June 2010.
Rio Rancho Housing Market Statistics
The total number of single family detached Rio Ranch homes sold in June 2011 decreased by 14.18% compared to June 2010. Actual number of single family detached Rio Rancho homes sold in June 2011 is 115 versus 134 in June 2010.
Rio Rancho Housing Market Statistics Median Price
The median price for single family detached Rio Rancho homes in June 2011 decreased by 3.18% compared to June 2010. Actual median price for single family detached Rio Rancho homes sold in June 2011 is $160,000 compared to $165,250 in June 2010.
Rio Rancho Housing Market Statistics Average Price
The average price for single family detached Rio Rancho homes in June 2011 decreased by 6.99% from June 2010. Actual average price for single family detached Rio Rancho homes sold in June 2011 is $177,670 compared to $191,026 in June 2010.
Rio Rancho Housing Market Statistics Active Listings
The total number active listings for single family detached Rio Rancho homes in June 2011 decreased by 15.12% compared to June 2010. Total number of active detached single family Rio Rancho homes listed in June 2011 is 758 compared to 893 in June 2010.
Rio Rancho Housing Market Statistics Days on Market
The average days on market for single family detached Rio Rancho homes in June 2011 increased by 14.93% from June 2010. Actual average days on market for single family detached Rio Rancho homes listed in June 2011 is 77 days compared to 67 days in June 2010.
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.
Homes Sold
| Area Name |
MLS Area |
June 2011 |
June 2010 |
Increase (Decrease) |
| Albuquerque |
10 – 121 |
468 |
506 |
(7.51%) |
| Rio Rancho |
140 – 162 |
115 |
134 |
(14.18%) |
Median Price
| Area Name |
MLS Area |
June 2011 |
June 2010 |
Increase (Decrease) |
| Albuquerque |
10 – 121 |
$169,320 |
$184,000 |
(7.98%) |
| Rio Rancho |
140 – 162 |
$160,000 |
$165,250 |
(3.18%) |
Average Price
| Area Name |
MLS Area |
June 2011 |
June 2010 |
Increase (Decrease) |
| Albuquerque |
10 – 121 |
$211,320 |
$223,145 |
(5.30%) |
| Rio Rancho |
140 – 162 |
$177,670 |
$191,026 |
(6.99%) |
Days on Market
| Area Name |
MLS Area |
June 2011 |
June 2010 |
Increase (Decrease) |
| Albuquerque |
10 – 121 |
76 |
64 |
18.75% |
| Rio Rancho |
140 – 162 |
77 |
67 |
14.93% |
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