Albuquerque NM Real Estate Update!
Offering a strong job market and ever-growing economy, with a great blend of cultural diversity and gorgeous landscapes, the housing market is flourishing in Albuquerque. While many parts of the country experienced a slowdown, Albuquerque continues to be competitive and fast paced. Here are the current stats for our area:
MEDIAN SALES PRICE: $338,000.
MED PRICE PER SQ/FT: $194
UP 3/2% (YoY)
SALES TO LIST PRICE RATIO: 100%
**There has been a steady rise in home values over the past year with the average home vale now at $310,836. - up 5/2%.
This healthy market shows homes selling quickly in an average of 22 days, with an average of 2 offers per home and many others with multiples. The supply of homes in Albuquerque is still below the need of buyers searching for homes, which means Sellers…it’s a GREAT time to list your home!
If you live in the Albuquerque area you already know how special it is and why it is an awesome place to call HOME! If you’re looking for an amazing city and community to live, let me tell you, you’ll find nothing like our city! Fantastic landscapes and natural playground for outdoor enthusiasts, cultural dining experiences that are second to none, excellent schools, arts and culture, and entertainment galore.
How can we assist you with your real estate goals? Whether you’re buying or selling, put the experience, knowledge, and expertise of the Sandi Pressley team to work for you!