Fri Oct 30 2020
This week the median list price for Albuquerque, NM 87113 is $415,000 with the market action index hovering around 55. This is about the same as last month's market action index of 55. Inventory has held steady at or around 24.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$415,000|
|Per Square Foot||$173|
|Days on Market||75|
|Strong Seller's Market|
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$774,900||3,155||6,500 - 8,000 sqft||4||4||0||0||1||192|
|$425,000||2,708||6,500 - 8,000 sqft||4||3||17||3||1||28|
|$334,900||2,025||4,500 - 6,500 sqft||3||3||16||1||1||42|
|$268,550||1,552||6,500 - 8,000 sqft||3||2||25||2||0||37|