The NMWelcomeHome Team Blog - November, 2018

October 2018 Market Statistics for Albuquerque, Rio Rancho and surrounding area. See what the real estate market did this year compared to last year.

Posted by NMWelcomeHome Team Associates (505) 886-1432 on November 28th, 2018

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October 2018 Market Statistics

Posted by NMWelcomeHome Team Associates (505) 886-1432 on November 14th, 2018

Highlights (the highlights are a comparison between October 2017 and October 2018)

• The median detached home price rose less than .01 percent to $199,000
• The average detached home price decresased 2.1 percent to $231,462
• Overall inventory of detached homes for sale decreased 15.8 percent to 3,140
• The number of closed sales for detached homes increased 3.6 percent to 1,017
• The number of detached homes going under contract rose 15.6 percent to 1,094

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