Thu Mar 23 2023
This week the median list price for Albuquerque, NM 87110 is $386,950 with the market action index hovering around 69. This is an increase over last month's market action index of 66. Inventory has decreased to 18.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$386,950|
|Median Price of New Listings||$287,450|
|Per Square Foot||$212|
|Average Days on Market||58|
|Median Days on Market||42|
|Strong Seller's Market|
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$622,000||3,051||0.25 - 0.5 acre||3||3||55||1||1||66|
|$403,900||1,984||6,500 - 8,000 sqft||3||2||68||0||0||49|
|$360,000||1,651||8,000 - 10,000 sqft||3||2||73||0||0||21|
|$245,000||1,282||6,500 - 8,000 sqft||4||2||71||3||3||0|