Modest gains in prices for 2nd Quarter

Albuquerque, NM (July 20, 2018) – Sales activity in many of the Greater Albuquerque market areas saw modest gains in the median and average sale prices for 2nd Quarter 2018.      

Detached home sales totaled 3,484 units, a 3.1 percent increase when compared to 2nd quarter 2017. The median sales price for detached homes increased to $210,000, a 5.5 percent increase from a year ago, while average sales prices also increased 1.2 percent to $239,934.  Detached homes sold with fewer average days on market when compared to a year ago, which is likely a trend that will continue through the 2018 peak selling season. Detached homes sold in 40 days on average, 13.0 percent faster than the 46 average days on market for 2nd quarter 2017. To read more click here.

To see the full report click here.

GAAR publishes detailed market reports on a monthly, quarterly, and yearly basis. They are published on the GAAR website and released to the media on the following schedule:
Monthly Statistics: 12:00 pm on the 10th of the following month (or first business day thereafter)
Quarterly Statistics:  12:00 pm on the 20th of the following month (or first business day thereafter)
Yearly Statistics:  12:00 pm on January 31st (or first business day thereafter)

These reports are always available to you on the GAAR website. Go to News & Events and look for Market Statistics.

If you are looking for reports published before 2007, please visit our Home Sales Report Archive.