Mon Jun 21 2021
This week the median list price for Albuquerque, NM 87102 is $311,500 with the market action index hovering around 73. This is an increase over last month's market action index of 69. Inventory has decreased to 10.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$311,500|
|Median Price of New Listings||$240,000|
|Per Square Foot||$172|
|Average Days on Market||23|
|Median Days on Market||21|
|Strong Seller's Market|
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$560,000||2,900||8,000 - 10,000 sqft||2||2||110||0||0||31|
|$424,500||2,381||4,500 - 6,500 sqft||4||2||108||0||1||17|
|$305,000||1,612||6,500 - 8,000 sqft||3||2||100||0||0||35|
|$235,000||1,840||4,500 - 6,500 sqft||2||1||76||1||1||7|