Thu Feb 25 2021
This week the median list price for Albuquerque, NM 87121 is $192,500 with the market action index hovering around 90. This is an increase over last month's market action index of 88. Inventory has held steady at or around 16.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$192,500|
|Per Square Foot||$122|
|Days on Market||11|
|Strong Seller's Market|
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$242,500||2,263||6,500 - 8,000 sqft||4||2||19||3||2||10|
|$224,450||1,386||0 - 4,500 sqft||3||2||15||1||2||45|
|$184,900||1,549||4,500 - 6,500 sqft||3||2||23||2||3||3|
|$164,950||1,396||4,500 - 6,500 sqft||3||2||29||1||2||45|