Median Albuquerque home prices leveled out at $361,000 in August New listings in Albuquerque also level out at 1,075 Closed sales fell by 7.4% to 827 homes sold Pending sales also fell by 4.3% to 829 homes in escrow Affordability creeped up to a still terrible 85 Inventory rose sharply to [...]
Median home price was $370,305 New listings up 9% over last July Closed sales up 9.7% over last July Total available inventory 1,623 detached homes July Median Home Price Just Under Record The Albuquerque Metro area saw a median home price of $370,305 for detached homes. That’s a skosh under May’s [...]
We’re currently witnessing a housing market surge, which has raised concerns about the possibility of a housing bubble. Let’s delve into what a housing bubble is and whether we might be experiencing one: Definition of a Housing Bubble: A housing bubble occurs when residential real estate prices sharply rise due to factors like demand, speculation, and exuberant spending. [...]
Albuquerque real estate market, short-term rentals (STRs) can impact your house's marketability. Let’s delve into their role and impact: Housing Crisis and STRs: Albuquerque is currently grappling with a housing crisis. As our population grows, safeguarding our limited housing stock for local families and future homeowners is crucial for long-term prosperity. While [...]
Albuquerque is currently a seller’s market, according to an analysis by Knock, a home loan company. In fact, it ranks as the 10th best market for sellers. The forecast indicates that Albuquerque will continue to be a seller’s market for the next year. Despite nationwide shifts favoring buyers, Albuquerque still experiences a shortage of homes, contributing [...]
Traditional Real Estate Route: Traditional real estate firms offer comprehensive services to home sellers. These services include: Evaluating the home, property, neighborhood, and market data to determine a fair list price. Managing photography and virtual tours. Marketing the home on the Multiple Listing Service (MLS) and syndicated sites. Placing a “For [...]
626 homes available in the Metro counties in January Median home price Metro wide was $304,000 Median Single Family price was $310,000 20 days from listing to escrow across Metro 986 new listings hit the market in January 1,005 deals were inked, pending sale 893 Homes closed Holy cow inventory is [...]
