….and surrounding areas! Plan ahead, and find updated Open House events! Open Houses are the best way to get familiar with a real estate market, visit the various neighborhoods and decide which area and home style is right for you. Each Albuquerque community is unique, featuring different amenities and featured lifestyles. All prices, all styles, […]
New Mexico Real Estate on Track to Break Records
“February was a stable month for New Mexico real estate,” says Damon Maddox, NMAR President. “We know inflation is having an impact on everything, including mortgage rates, and with the lack of inventory we weren’t surprised to see February sales of 1,611 down compared to 1,867 a year ago.” Mortgage rates continued to rise in […]
How to buy a home in this market in 2022 – New Mexico edition
Greater Albuquerque Area Set Record Highs in Home Sales and Prices for 2021
Albuquerque, NM (January 28, 2022) Total sales of single-family detached homes in the Greater Albuquerque market rose 8.5% percent from the previous year to top 15,000 sales for the first time. Home sales prices also saw record highs with the Median Sales Price of $290,000 rising 26.5% percent from the previous year and an Average Sales […]
3rd Quarter 2021 Market Statistics for Albuquerque Real Estate
There were 3.737 Closed Sales in the 3rd quarter 2021 for detached homes representing a 6.03 percent decrease when compared to 3rd quarter 2020. The Median Sale Price for detached homes increased to $298,000, a 16.86% percent increase from 2020 The Average Sale Price also rose 17.17 percent to $344,775. For more information about the […]