Fri Oct 30 2020
This week the median list price for Albuquerque, NM 87123 is $339,900 with the market action index hovering around 58. This is less than last month's market action index of 62. Inventory has held steady at or around 55.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$339,900|
|Per Square Foot||$146|
|Days on Market||65|
|Strong Seller's Market|
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$529,000||3,619||0.25 - 0.5 acre||4||3||32||0||1||133|
|$385,815||2,251||4,500 - 6,500 sqft||4||3||0||2||2||53|
|$308,450||2,120||4,500 - 6,500 sqft||3||2||14||1||1||52|
|$220,750||1,783||6,500 - 8,000 sqft||3||2||50||3||4||26|