Realty Times - Albuquerque, New Mexico Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > New Mexico > Albuquerque
Downtown Albuquerque - Far Northeast Heights - Foothills South - Four Hills - Glenwood Hills - High Desert - Nob Hill - North Albuquerque - Paradise Hills

Market Conditions Summary for Albuquerque, New Mexico

Reported by

Judy Pierson, Pierson & Associates
as of 7/6/2009:

US News and World Report has ranked ABQ in its top ten most liveable cities with Kiplinger's Personal Finance magazine ranking it as the second best city. Both of these considered the economy, weather, natural beauty and recreational and work... MORE->
About Judy Pierson, Pierson & Associates

Reported by

Larry and Judy Salas
as of 7/1/2009:

As of today, July 1, 2009, Realty Times reports that the average interest rate nationally for a 30 year fixed interest rate loan is 5.42% compared to 4.91% last month. The number of homes that closed during the 1st 6 months of the year was 2323... MORE->
About Larry and Judy Salas

Reported by

Jared W. Murphy
as of 7/1/2009:

My work is exclusively with helping buyers find the great deals out there, so my remarks are focused specifically to buyers. Albuquerque has been much more stable than many of the real estate markets around the country. There are multiple reasons... MORE->
About Jared W. Murphy

Reported by

Archie Saiz
as of 6/29/2009:

Compared to other cities around the nation the real estate market in Albuquerque and the surrounding communities is above the average. Though we are below the previous years number of homes sold in no way has our market seen the down turn... MORE->
About Archie Saiz

Reported by

Paul and Judy Wilson
as of 6/21/2009:

Our Greater Albuquerque area market continues to be a strong market, though it seems to have "cooled down" somewhat. Our market has become a slight buyer's market with inventory over 7000 homes available. The inventory of homes is OVER three times... MORE->
About Paul and Judy Wilson

Reported by

Keith and Gina MacRae
as of 6/1/2009:

April sales figures are in and we're beginning to see some encouraging signs. However, with an 9.27 month supply of home in the Greater Albuquerque Metropolitan Area, it's still a Buyer's Market. (a six month supply of homes is considered a balanced... MORE->
About Keith and Gina MacRae

Reported by

Franz Redl
as of 5/19/2009:

Pending Sales for Albuquerque detached, single family homes are up 11.8% from the previous month, the numbers are only 3% down from this time last year. Pending sales for Rio Rancho single family homes are identical to the April 2008 sales but the... MORE->

Reported by

George Russell
as of 4/23/2009:

The Albuquerque area is starting to see some good activity as it continues to be a great market for buyers. Pending Sales are UP 41% from Feb. Closed Sales are UP 37.2% from Feb. That is some great news! New Listings of single family homes are down... MORE->
About George Russell

Reported by

Linda Devlieg
as of 2/17/2009:

Will the 8K credit help stimulate more sales? We certainly hope so - it does give some first time buyers a big more buying incentive. We wish it was lasting longer than they gave it - it's only good until December 2009. Now is... MORE->

Average Current Market Rating: 1.9 (9 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2.4 (9 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > New Mexico > Albuquerque
Downtown Albuquerque - Far Northeast Heights - Foothills South - Four Hills - Glenwood Hills - High Desert - Nob Hill - North Albuquerque - Paradise Hills

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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