Prompted by a request from a member, I was curious and pulled the number of listings in the SWMLS in the last 90 days that sold for more than the original asking price.

The overall number is 46.4%!  I was then curious to know if the price range affected that. I broke down the price into ranges that I thought made sense, and ended up with the results below: 

Keep in mind, this includes ALL listings in SWMLS, so it is not restricted to just the Albuquerque Metro. A more thorough analysis would likely find differences in areas as well, but that would be a much larger project for another day!

What this provides, is a pretty clear picture of the highest demand for homes is in the $150k-300k price range, with more than half of the homes in that range selling for over the original asking price. Outside of that range, less than 40% of homes are selling above the listing price.

Richard Gibbens is the SWMLS Director at GAAR. Richard hails from Panama City, Florida, and has been involved with CMLS and RESO to help drive the MLS industry forward. Richard, his wife Kayla, and young daughter Claire are happily adjusting to the red and green. Richard is a long-suffering fan of the Miami Dolphins, a Florida Gators alumni, an avid LEGO fan, and enjoys trail riding in his Jeep.