Overall the market in the Albuquerque and surrounding area has been doing great. Some would say its a balanced market however inventory is down and we are always looking to help an owner sell and get top dollar. See a glimpse of our 3D Marketing.
Overall there has been a 3.87% increase in detached single family homes in the Greater Albuquerque Area. Up from last year at this time.
Detached Single Family Homes sales totaled 3,128 units, this is a 1.92% increase compared to 3rd quarter 2016. The current average sale price for a detached single family home is $200,250, up 4.30% this time last year. Marketing time for this home type is 42 days, up 12.5% from last year which was 48 days on the market.
Townhome and condo listings are down 2.81% and sales totaled 294 units, up 16.67% from 3rd quarter 2016. The average sale price of a townhome and condo increased 2.15% to $151,302. Marketing time for this home type is 43 days.
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