Sun Jan 29 2023
This week the median list price for Albuquerque, NM 87121 is $316,634 with the market action index hovering around 63. This is an increase over last month's market action index of 56. Inventory has decreased to 35.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$316,634|
|Median Price of New Listings||$267,000|
|Per Square Foot||$172|
|Average Days on Market||73|
|Median Days on Market||42|
|Strong Seller's Market|
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$353,620||2,084||4,500 - 6,500 sqft||3||3||3||1||0||59|
|$335,000||1,984||4,500 - 6,500 sqft||3||3||10||1||1||63|
|$305,000||1,595||4,500 - 6,500 sqft||3||3||18||2||6||56|
|$245,000||1,380||4,500 - 6,500 sqft||3||2||22||4||7||14|