Thu Jan 28 2021
This week the median list price for Albuquerque, NM is $354,900 with the market action index hovering around 59. This is an increase over last month's market action index of 56. Inventory has held steady at or around 436.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$354,900|
|Per Square Foot||$162|
|Days on Market||87|
|Strong Seller's Market|
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$719,000||3,608||0.25 - 0.5 acre||4||4||21||9||17||154|
|$400,000||2,495||6,500 - 8,000 sqft||4||3||26||21||27||90|
|$299,000||2,050||6,500 - 8,000 sqft||3||2||44||31||46||50|
|$205,000||1,438||6,500 - 8,000 sqft||3||2||62||44||60||51|