New Albuquerque Area Market Stats Demonstrate Healthy Year-on-Year Growth
By Manish Chanda
(Everest Peak, Inc.)
Figures just released by the Greater Albuquerque Association of REALTORS® (GAAR) should make for very good reading for anyone currently selling their home, or contemplating doing so.These stats contain good news in several key categories.The median price of a detached home rose by 3.2% ($189,900) in comparison with July 2015, while the average detached price showed a year-on-year increase of 6.8% ($226,192).On average, a detached home sells faster by a fifth of the time compared with the previous July. It now takes an average of 48 days to sell such a home. Pending sales, a good indicator of August performance, showed an annual rise of 7.8% for detached homes. Indeed the levels of pending sales that we have seen in the market in recent months are the best for some years.Unfortunately, ...
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