I’ve looked over the December market statistics thoroughly and believe it or not, the Greater Albuquerque Area saw more sales in December than in November. Here are some of the highlights. In December 727 homes and condos sold. That’s compared to the 658 that sold in November. Not only did we see the number jump from month to month…it’s also an increase from what we saw sell in December of last year.
I may sound like a broken record, but our market truly
is consistent month to month when it comes to activity in certain price ranges. In December we saw just 3% of sales above
$500,000. 22% were of homes and condos
between $250,000 and $500,000 and of course we saw a large majority of sales in
that magic mark of $250,000 and below.
I do believe we will start to see the market pick up following the holiday season. In fact, we’ve already
seen a lot of activity in January. I’ll
give you a snapshot of what’s already happened.
In just the first few weeks of the New Year, 282 homes and condos sold
and 557 have contracts written on them.
Buyers are out there looking and serious buyers are making offers. If you’re a homeowner on the fence about
selling, now is time to get in the game before we see a huge influx of
inventory in the early spring. Less
competition means more activity for your home and could ultimately mean a sale.
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