Sat Feb 27 2021
This week the median list price for Albuquerque, NM 87104 is $559,000 with the market action index hovering around 49. This is an increase over last month's market action index of 43. Inventory has held steady at or around 11.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$559,000|
|Per Square Foot||$185|
|Days on Market||105|
|Strong Seller's Market|
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,282,500||6,869||0.25 - 0.5 acre||4||4||56||0||0||66|
|$669,900||3,000||8,000 - 10,000 sqft||4||4||20||0||0||63|
|$525,000||1,962||8,000 - 10,000 sqft||3||2||16||0||1||161|
|$134,000||1,200||4,500 - 6,500 sqft||2||1||95||2||1||14|