The Market Statistics for the 2nd Quarter 2022 were released to the media and posted on the GAAR website on Monday, July 25th. The Quarterly Reports versus the Monthly Reports provide more detail on the sales activity in individual areas and cities within the Greater Albuquerque market.

Highlights

Greater Albuquerque Area Detached Homes Comparisons to 2nd Quarter 2021

• 3,120 Closed Sales representing a 12.3% decrease 
• Median Sale Price increased to $340,000, a 17.0% increase
• Average Sale Price rose 17.11% to $391,827
• Average Days on Market was 12 days, spending 14.3% less time
• New Listing activity showed an 8.5% decrease with 4,103 homes entering the market

Greater Albuquerque Area Townhome/Condo Comparisons to 2nd Quarter 2021

• 324 Closed Sales representing a decrease of 17.8%
• Median Sales Price saw an increase of 14.3% to $240,000
• Average Sales Price increased 13.1% to $247,397
• Average Days on Market was 6 days, 50% faster 

Area Comparisons to 2nd Quarter 2021

• City of Albuquerque showed an Average Sales Price of $393,652, an increase of 19.02% 
• City of Rio Rancho ended the quarter with an Average Sales Price of $365,290, an 18.9% increase
• East Mountains and Estancia Basin had an Average Sales Price of $411,774, a 2.8% increase
• Valencia County Average Sales Price increased to $313,369, a 27.0% increase

To see the full report for the 2nd Quarter 2022 Market Statistics, go to GAAR.com > News & Events > Market Statistics