Closed Sales of Single-Family Homes up 17.8% over 2012
Albuquerque, NM, October 10, 2013 – Single-family detached home sales were 769 for the month of September marking an increase of 17.8 % from the same month the previous year. Sales of single-family detached home for September 2013 are the strongest September sales since 2006. The top selling price range for detached single-family homes was $200,000 to $249,000.
The average sales price for September was $212,307 which was a 4.6% improvement over September 2012. The median sales price also improved by 3.2% to $177,500. Sales of homes in higher price ranges saw improvement with price ranges of $250,000 and above increasing 22% over September of 2012.
“We have had steady improvement in the housing market over the past four years,” said Julie Greenwood, 2013 President of the Greater Albuquerque Association of REALTORS®. “It will be interesting to see how the lack of a national budget will affect the home sales in the coming months,” she continued.
To see the full report for September market statistics go to GAAR.com and click on Market Statistics.
The Greater Albuquerque Association of REALTORS® is the largest local professional trade association in Central New Mexico with nearly 3000 members pledged to a strict Code of Ethics and Standards of Practice. Established in 1921, GAAR is recognized as a leading provider of real estate information services, data and education in New Mexico.