Albuquerque Real Estate
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 […]
Today’s announcement by the Federal Reserve set a big increase in interest rates and means several more rounds of rate hikes are on the way in upcoming months. So far, the short-term fed funds rate that the Fed directly controls has risen by 175 basis points. But the 30-year fixed rate mortgage has risen even […]
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 […]
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 […]
“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 […]
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