Albuquerque Housing Market Statistics November 2010
Albuquerque housing market statistics is a summary of the Greater Albuquerque Association of Realtors monthly market report. Albuquerque housing market statistics for November brings a mixed bag of information. Median sales prices and average sales prices for Albuquerque homes were flat or increased by 4.06% respectively on a year over year basis. Rio Rancho median price for homes fell by 1.64% while average home prices rose by 1% on a year over year basis. This is a slow time for real estate sales and typically remains slow through February. Read on for all the details. It is tough to predict which way the market will move next. I will say there are some amazing deals out there if you are looking to buy. This is typically a slow time for the real estate market in the Albuquerque metro area and buyers are few which gives 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. Good luck to all buyers and sellers!!
Albuquerque Housing Market Statistics Homes Sold
The total number of single family detached Albuquerque homes sold in November 2010 decreased by 26.13% compared to November 2009. Actual number of single family detached Albuquerque homes sold in November 2010 is 328 compared to 444 in November 2009.
Albuquerque Housing Market Statistics Median Price
The median price for single family detached Albuquerque homes in November 2010 increased by 0.0% compared to November 2009. Actual median price for single family detached Albuquerque homes sold in November 2010 is $175,000 compared to $175,000 in November 2009.
Albuquerque Housing Market Statistics Average Price
The average price for single family detached Albuquerque homes in November 2010 increased by 4.06% from November 2009. Actual average price for single family detached Albuquerque homes sold in November 2010 is $218,573 compared to $210,044 in November 2009.
Albuquerque Housing Market Statistics Active Listings
The total number of active listings for single family detached Albuquerque homes in November 2010 increased by 7.59% compared to November 2009. Total active detached single family Albuquerque homes listed in November 2010 increased to 3,148 compared to 2,926 in November 2009.
Albuquerque Housing Market Statistics Days on Market
The average days on market for single family detached Albuquerque homes in November 2010 increased by 1.35% from November 2009. Actual average days on market for single family detached Albuquerque homes listed in November 2010 is 75 days compared to 74 days in November 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 November 2010 decreased by 38.6% compared to November 2009. Actual number of single family detached Rio Rancho homes sold in November 2010 is 70 versus 114 in November 2009.
Rio Rancho Housing Market Statistics Median Price
The median price for single family detached Rio Rancho homes in November 2010 decreased by 1.64% compared to November 2009. Actual median price for single family detached Rio Rancho homes sold in November 2010 is $162,250 compared to $164,950 in November 2009.
Rio Rancho Housing Market Statistics Average Price
The average price for single family detached Rio Rancho homes in November 2010 increased by 1.0% from November 2009. Actual average price for single family detached Rio Rancho homes sold in November 2010 is $192,527 compared to $190,612 in November 2009.
Rio Rancho Housing Market Statistics Active Listings
The total number active listings for single family detached Rio Rancho homes in November 2010 increased by 10.07% compared to November 2009. Total number of active detached single family Rio Rancho homes listed in November 2010 increased to 831 compared to 755 in November 2009.
Rio Rancho Housing Market Statistics Days on Market
The average days on market for single family detached Rio Rancho homes in November 2010 decreased by 2.63% from November 2009. Actual average days on market for single family detached Rio Rancho homes listed in November 2010 is 74 days compared to 76 days in November 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 | November 2009 | November 2010 | Increase (Decrease) |
| Albuquerque | 10 – 121 | 444 | 328 | (26.13%) |
| Rio Rancho | 140 – 162 | 114 | 70 | (38.6%) |
Housing Market Statistics Median Price
| Area Name | MLS Area | November 2009 | November 2010 | Increase (Decrease) |
| Albuquerque | 10 – 121 | $175,000 | $175,000 | 0% |
| Rio Rancho | 140 – 162 | $164,950 | $162,250 | (1.64%) |
Housing Market Statistics Average Price
| Area Name | MLS Area | November 2009 | November 2010 | Increase (Decrease) |
| Albuquerque | 10 – 121 | $210,044 | $218,573 | 4.06% |
| Rio Rancho | 140 – 162 | $190,612 | $192,527 | 1.0% |
Housing Market Statistics Days on Market
| Area Name | MLS Area | November 2009 | November 2010 | Increase (Decrease) |
| Albuquerque | 10 – 121 | 74 | 75 | 1.35% |
| Rio Rancho | 140 – 162 | 76 | 74 | (2.63%) |
Myers & Myers Real Estate are members of the National Association of Realtors.
