Click here to download the complete October 2019 Local Market Snapshot reports, presented by zip code and MLS area.

Highlights (the highlights are a comparison between Oct. 2018 and Oct. 2019)

• The median detached home price rose 15.5 percent to $229,900
• The average detached home price rose 16.0 percent to $269,247
• Overall inventory of detached homes for sale decreased 29.8  percent to 2,306
• The number of closed sales for detached homes increased 2.5 percent to 1,028
• The number of detached homes going under contract rose 19.2 percent to 1,125

Click here to download the complete September 2019 Local Market Snapshot reports, presented by zip code and MLS area.

Highlights (the highlights are a comparison between Sept. 2018 and Sept. 2019)

• the median detached home price rose 12.5 percent to $225,000
• the average detached home price rose 8.7 percent to $261,356
• overall inventory of detached homes for sale decreased  30.4  percent to 2,384
• the number of closed sales for detached homes increased 4.3 percent to 1,063
• the number of detached homes going under contract rose 22.8 percent to 1,094

Welcome to Albuquerque! Please see the schedule for the Albuquerque International Balloon Fiesta. Click Here for a downloadable schedule.

Click the links under 'Downloads' to access the Full Market Report (Monthly Indicators) or the Green Sheet Report for the July 2019 Monthly Statistics.

Click here to download the complete July 2019 Local Market Snapshot reports, presented by zip code and MLS area.

Highlights (the highlights are a comparison between July 2018 and July 2019)

• the median detached home price rose 10.5 percent to $232,000
• the average detached home price rose 6.3 percent to $264,682
• overall inventory of detached homes for sale decreased  33.6  percent to 2,379
• the number of closed sales for detached homes increased 5.2 percent to 1,186
• the number of detached homes going under contract rose 27.4 percent to 1,373

Have you heard that there is an R-22 Freon Phaseout?

As of January 2020 it will be illegal to import or manufacture R-22 and R-410A will take its place as a more environmentally friendly option. As R-22 supplies deplete the cost will increase.

The lifespan of a current air conditioners is 15 to 20 years so by 2030 industry experts agree that most all old units will have been replaced or need replacement.

Call our office to see how you can protect yourself if you air conditioner fails. (505) 886-1432.

Mortgage interest rates have remained steady although a recent slide has prompted buyers to start searching for a home and sellers are looking to refinance. Either way if you are looking for the best interest rate contact our local preferred lender Jessica Haselby at (505) 907-2427 with Finance of  America.

Current Mortgage Interest Rates

Conventional 30 Year Fixed Mortgage 3.75% - Call for additional interest rates. (505) 886-1432

 Hot New Listings For Sale

If you want the quickest way to check your home value simply use the tool below and enter your home details.

Click the links under 'Downloads' to access the Full Market Report (Monthly Indicators) or the Green Sheet Report for the May 2019 Monthly Statistics.

Click here to download the complete May 2019 Local Market Snapshot reports, presented by zip code and MLS area.

Highlights (the highlights are a comparison between April 2018 and April 2019)

• the median detached home price rose 9.1 percent to $228,000
• the average detached home price rose 11.5 percent to $266,414
• overall inventory of detached homes for sale decreased  29.3  percent to 2,273
• the number of closed sales for detached homes increased 4.3 percent to 1,312
• the number of detached homes going under contract rose 10.3  percent to 1,312

Mortgage interest rates have remained steady although a recent slide has prompted buyers to start searching for a home and sellers are looking to refinance. Either way if you are looking for the best interest rate contact our local preferred lender Jessica Haselby at (505) 907-2427 with Finance of  America.

Current Mortgage Interest Rates

Conventional 30 Year Fixed Mortgage 4.125% - Call for additional interest rates. (505) 886-1432

 Hot New Listings For Sale

Agent: This is a hot property, there are multiple offers on it.

Buyer: Multiple offers! I don't want to get involved in that, let's go find another home.

Agent: I understand however this home meets 8 out of your 10 features that you want in a home. It's worth trying...

This conversation has been had many times over in the past 6 months and with good reason. Inventory is down and there are many buyers looking to buy a home. So how do you win in this real estate market? There are a few options and I will list them below.

First If you see a home you like, call your agent immediately and schedule a showing! And if you love it you should make your offer as strong as possible. This means weighing all the options, working with your agent to review