Albuquerque Real Estate Market Update – Condos and Townhomes
November 2011
Below you will find six of the most important market statistics for Condos and Townhomes in Albuquerque, New Mexico. As we compare today’s real estate market to those of six months ago, there has been a decrease in the average price of homes. By understanding today’s real estate market, we will be prepared to price your home appropriately to sell for the highest possible price in the shortest amount of time.
The data indicates that more homes are entering the market than are being sold, so we are in a still in a “buyers market.” There has been a 11% decrease in the amount of homes available for sale. The expected result is a increase in price which maybe reflected in the List Price…however, the Average Price of Sold Homes decreased approximately 15% from $155,000 six months ago to $132,000 in the month of November.
So what does it look like now?
| The average days on the market for last month: | 57 |
| New property listings last month: | 70 |
| Total active properties for sale for the month of November: | 418 |
| Total number of properties under contract in the last month: | 42 |
| Total number of properties sold/closed in the last month: | 37 |
| Total number of expired listings last month: | 17 |
Where were we six months ago?
| The average days on the market for last month: | 88 |
| New property listings last month: | 107 |
| Total active properties for sale for the month of June: | 471 |
| Total number of properties under contract in the last month: | 53 |
| Total number of properties sold/closed in the last month: | 54 |
| Total number of expired listings last month: | 24 |
Showing properties
1 - 4 of 187.
See more city of Albuquerque real estate.
(all data current as of
5/19/2012)
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1 bed, 1 full bath
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1 bed, 1 full bath
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$74,000 : 1909 Alvarado Dr, Unit 4-C, Albuquerque2 beds, 1 full bath
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$89,000 : 84 Calle Vadito, Albuquerque2 beds, 1 part bath
Listing information deemed reliable but not guaranteed. Read full disclaimer.
