Thu Feb 25 2021
This week the median list price for Albuquerque, NM 87107 is $399,000 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has held steady at or around 29.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$399,000|
|Per Square Foot||$192|
|Days on Market||63|
|Slight Seller's Advantage|
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|
|$1,159,000||5,128||1 - 2.5 acres||4||4||42||0||0||126|
|$515,000||2,670||0.25 - 0.5 acre||4||3||29||2||0||21|
|$349,000||1,600||0.25 - 0.5 acre||3||2||66||1||1||105|
|$212,500||1,628||6,500 - 8,000 sqft||3||2||69||4||2||17|