Sun Jan 29 2023
This week the median list price for Albuquerque, NM 87106 is $436,574 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has decreased to 26.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$436,574|
|Median Price of New Listings||$427,000|
|Per Square Foot||$232|
|Average Days on Market||71|
|Median Days on Market||74|
|Slight Seller's Advantage|
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$707,000||3,374||0.25 - 0.5 acre||4||3.8||63||0||0||35|
|$502,485||2,661||6,500 - 8,000 sqft||4||3||59||0||2||80|
|$420,000||1,878||4,500 - 6,500 sqft||3||2||72||2||1||70|
|$310,000||1,327||6,500 - 8,000 sqft||3||2||73||0||1||77|