Home buying for Albuquerque has been rising and it continues to be a Seller’s market. The Realtors Association of New Mexico released statistics that show a 28% increase in home buying since May 2017. Here is a quick breakdown of those statistics for you. So far for 2018, there has been a recorded 12,148 transactions. The May median home price was $201,000 which is the highest recorded since the association started tracking the data in 2008.
In the Albuquerque Metro area, it has been observed that with higher demand there is in turn higher prices trending. Summer is our peak selling and buying season for real estate with an estimated 50% of real estate transactions happening during this window.
If you are contemplating a sale or purchase, please call and allow me to put my expertise to work for you.