Sat Feb 04 2023
This week the median list price for Albuquerque, NM 87111 is $529,900 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has decreased to 43.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$529,900|
|Median Price of New Listings||$479,500|
|Per Square Foot||$209|
|Average Days on Market||74|
|Median Days on Market||70|
|Strong Seller's Market|
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,297,000||4,694||0.5 - 1 acre||4||4||22||0||1||87|
|$625,000||3,148||8,000 - 10,000 sqft||4||3||36||2||1||70|
|$470,000||2,290||6,500 - 8,000 sqft||3||2||42||3||4||70|
|$340,000||1,813||6,500 - 8,000 sqft||3||2||51||2||5||42|