September 2015 Market Statistics

SALES: I want to begin with the highlights from last month’s market report, most importantly the number of homes that sold. In September, a total of 977 homes and condos sold.  Last month when we talked statistics, I mentioned that we would begin to hit a seasonal slow down and September’s numbers show that is happening. Sales were down from the 1,034 homes and condos that sold in August. I choose, however, to focus on the increase we experienced this September, when compared to last September when just 776 homes and condos were sold. That’s a year to year increase of more than 200 units and a Win for our market!

PRICE POINT: Every month, we see the majority of the sales in the Greater Albuquerque Area under $250,000.  In fact last month that price range accounted for 73% of the total sales and 23% of sales were from $250,000 to $500,000.  We did see a small jump in activity in the upper end last month with 5% of the total sales of homes in excess of $500,000.

WHAT DOES IT MEAN FOR YOU?: I can’t tell you how many times I’ve heard the comments about right now being a “bad time to sell” or “I think we’ll leave our home off the market for now and put it back up in the Spring.”  The fact is Bob, serious buyers are out looking this time of year and homes are selling. At the end of the day, if your home isn’t on the market, then it won’t sell. Let me give you an example of what’s happening in our market right now.  So far this month, 620 contracts have been written in the Greater Albuquerque Area… 620!!  If your home shows well and is priced right, it WILL SELL and my team and I would love to help you make that happen!

Call us today for a free home consultation! 
505-238-1000