Albuquerque Housing Market Statistics June 2015
The Albuquerque housing market is hot this summer as home prices continue to increase. Just about 9 months ago, the headlines were there is too much inventory in the Albuquerque housing market. This market is rapidly changing to a market with a shortage of homes in inventory. This market is not to that point yet, however, sellers are gradually taking control of the market. What does all this mean? Home buyers no longer have the ability to negotiate great deals. Buyers need to understand nice homes priced right are selling fast and near full list price.
Sellers can price their homes right and their homes will sell fast. We can help you sell your home fast and for top dollar. Call us Today at 505 401-7500 for a private consultation.
Albuquerque Housing Market Homes Sales June 2015
Albuquerque housing market experienced an increase in the number of Albuquerque New Mexico homes sold by 24.86% to 693 homes in June 2015 compared to 555 homes in June 2014. The number of Albuquerque homes sold in May 2015 was 636.
Albuquerque housing market experienced an increase in the number of Albuquerque New Mexico homes pended by 24.31% to 808 in June 2015 compared to 650 homes in June 2014. The number of Albuquerque homes pended in May 2015 was 866. Pended homes is defined as the buyer and seller have agreed to terms on the sale of the home. However, the transaction is not complete and is an indicator to future home sales in Albuquerque.
Albuquerque Housing Market Home Pricing June 2015
Albuquerque housing market experienced a increase in the average sales price of homes in Albuquerque by 6.83% to $235,208 in June 2015 compared to $220,173 in June 2014. The average sales price of Albuquerque homes in May 2015 was $229,854.
Albuquerque housing market experienced an increase in median sales price of Albuquerque homes by 5.41% to $195,000 in June 2015 compared to $185,000 in June 2014. The median sales price of Albuquerque homes in May 2015 was $188,950.
Albuquerque Housing Market Home Inventory June 2015
Albuquerque housing market experienced a decrease in the total inventory of homes for sale in Albuquerque by 17.39% to 2,351 in June 2015 compared to 2,846 in June 2014. The inventory of Albuquerque homes for sale in May 2015 was 2,258.
Albuquerque housing market experienced a decrease in the number of new Albuquerque NM homes for sale by 4.56% to 1,089 in June 2015 compared to 1,112 in June 2014. The number of new listings of Albuquerque homes for sale in May 2015 was 1,141.
Albuquerque housing market experienced a decrease in the number of days on market to sell a home in Albuquerque by 5.56% to 51 days in June 2015 compared to 54 days in June 2014. The number of days on the market in Albuquerque in May 2015 was 59.
Myers & Myers – Albuquerque Real Estate Specialists – Call Today! (505) 401-7500
For buyers, our foremost goal is to provide you with exceptional customer service and assist you in finding the right home in the right neighborhood. Our goals are to help you purchase the right home, make sure you don’t miss out on any homes that meet your needs, and make sure you don’t pay too much for your next home. Please utilize our Albuquerque real estate expertise to make your home search and buying experience as stress free and rewarding as possible.
Albuquerque Homes For Sale
If you considering selling your Albuquerque home, we utilize the latest, cutting-edge, real estate marketing tools to expose your property to the widest range of potential buyers. We are here to get your Albuquerque home for sale aggressively marketed to sell as quickly as possible and for the best price! Our goals are to help you get your home sold and get you where you want to go on time, put you in the strongest negotiating position as possible, and to make it easier for you and reduce surprises.
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Our extensive knowledge of the Albuquerque real estate market allows us to guide our clients intelligently. Whether you are looking to buy, sell or invest, our mission is to provide you with exceptional customer service and assist you throughout the entire transaction.
Please call us today or fill out the online contact form,. Let us know how we can best serve your Albuquerque real estate needs. We look forward to speaking with you!
John Myers, Owner and Qualifying Broker
Myers & Myers Real Estate
Office: 505 401-7500
Cell: 505-401-7500
Email: [email protected]
Map of Albuquerque, New Mexico
All data for this report on Albuquerque Housing Market May 2015 is taken from the Greater Association of Albuquerque of Realtors monthly market statistics.
