As the year 2022 draws to a close, here are the latest Albuquerque Real Estate statistics. It is still a strong seller’s market and we expect it to continue this way into 2023. Interest rates are steady and buyer demand is still good! If you have any questions about what you should do to sell […]
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 […]
Inventory and Home Sales Continue to Rise, August 2021 Home Sales Hit Record High
“Year to date Real Estate sales increased by 17% from last month. The national trends are showing the market is starting to slow down but New Mexico isn’t seeing this trend,” says Danny Wm. Vigil, NMAR President. Median home sale price decreased from $285,000 last month to $284,000 this month. We did see an increase […]
Albuquerque Real Estate Dictionary – Amortization Schedule
Amortization Schedule – The gradual repayment of a mortgage loan by installments. This document you will see at closing, and it’s about 4 pages of numbers. Each line item will show you the total payment and how much is allocated to cover interest, taxes, insurance and the principal amount of the loan. These numbers will […]