July 2015 Market Statistics

Sales: The Greater Albuquerque Association of Realtors has released the July market statistics and as usual, I want to start by highlighting the total number of sales that were made throughout the month.  In July, a total of 1,120 homes and condos were SOLD.  That is an increase from the 1,075 homes that sold in June. Not only did we see that month to month increase, we also were up more than 200 sales more than what sold in July of last year.

Price Points: Maintaining our market consistency, we experienced the majority of sales in the $250,000 and under range with 75% of sales.  Homes that sold between $250,000 and $500,000 accounted for 22% of sales and the upper end, that’s $500,000 and more, were just 3% of the total sales.  

Seasonal Adjustment: Many sellers get nervous around this time of year because we will see what we call a seasonal adjustment in fewer sales … and I will say it is not unique to the Albuquerque market.  Cities all across the country will begin to see the market slow down and experience fewer sales.  However, let’s not confuse that with a lack of buyers or sellers.  Homeowners still need to sell, and buyers will still be out looking.  People often ask us if they should “wait” until the market picks up to put their home up for sale, and my answer is “no”.  Instead, choose to be the seller that strategically places your home on the market, with an experienced agent like myself, while there are buyers out looking and less competition to choose from.  It’s all about your perspective and knowing that there are buyers out there and if your home isn’t on the market, they’ll never see it.

If you're looking to buy or sell a home today, or know someone who is, give my team a call at 238-1000!!