Thursday, May 26, 2016

November 2015 Market Statistics



SALES: The Greater Albuquerque Association of Realtors released the statistics to us last week.  As I do every month, I want to highlight the important numbers for you and show you how we are comparing to the months past and also year to year.  Last month we saw a total of 714 homes and condos sell in the Greater Albuquerque Area.  That is an increase from the 658 that sold in November of last year and as expected, a decrease from what sold in October as a part of the seasonal slowdown.  If you’ll remember what I mentioned last week though, homes are selling right now at a rate of around 25 every day. That means serious buyers are out looking and ready to make a purchase!

PRICE POINTS: Maintaining our market consistency, we experienced the majority of sales in the $250,000 and under range with 76% of the total sales in that price point.  21% of sales were in the $250,000 to  $500,000 range and  3% of sales were of upper-end homes on the market, that’s $500,000 and above. 

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