Tue May 11 2021
This week the median list price for Albuquerque, NM 87109 is $389,000 with the market action index hovering around 83. This is an increase over last month's market action index of 79. Inventory has decreased to 11.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$389,000|
|Median Price of New Listings||$275,000|
|Per Square Foot||$174|
|Average Days on Market||59|
|Median Days on Market||14|
|Slight Seller's Advantage|
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$569,500||3,248||0.25 - 0.5 acre||4||3||36||0||1||52|
|$431,500||2,261||4,500 - 6,500 sqft||3||3||4||0||0||56|
|$365,000||2,122||4,500 - 6,500 sqft||4||3||42||0||2||35|
|$275,000||1,792||6,500 - 8,000 sqft||3||2||44||3||3||0|