Here's the latest video presentation of the Albuquerque Real Estate Report for June 2010. This report is provided by the Greater Albuquerque Association of Realtors.
Here's a brief recap:
- Closed sales were up 11.40%
- Pending sales were down 21.86%
- Average sales price was down 1.11%
- Median sales price was down 2.58%
- Average days on the market was down 20%
No doubt at least some of the June closings were due to the first time home buyer tax credit, so we're likely to see a drop off in sales in July as the market returns to more normal conditions.
Remember that real estate is hyper-local. In other words, market conditions can vary not only from town to town but from neighborhood to neighborhood. To fully understand the market conditions in your neighborhood and the effect the conditions may have on your home value contact me, Rich Cederberg, Albuquerque Realtor, for a free home valuation report.
If you're thinking of selling and you should read more about my plan to help you sell your Albuquerque House.
Ready to buy your new home? Search residential real estate in Albuquerque NM or search MLS real estate in Rio Rancho
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Rich,
The video provides a great market recap. I haven't see other associations putting this together.
Steve