Realty Times - Albuquerque, New Mexico 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

Archie Saiz
as of 11/20/2008:

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

Jared W. Murphy
as of 11/17/2008:

Just recently, Forbes magazine ranked Albuquerque as the Top Market where home prices are likely to rise. That means that in the near future, the current strong buyer's market may reverse to more of a sellers market again. That will be a welcome... MORE->
About Jared W. Murphy

Reported by

Judy Pierson, Pierson & Associates
as of 11/16/2008:

The Greater Albuquerque market continues to be one of the more stable markets in the nation. There is a slight downturn given the season and a dip with the financial crisis but no big drops. The average price range continues to be $250,000 to... MORE->
About Judy Pierson, Pierson & Associates

Reported by

Keith and Gina MacRae
as of 11/15/2008:

October results are just in and the Greater Albuquerque Area continues to see market conditions that favor home buyers. As the holidays approach, a further seasonal slowdown in real estate is expected and the signs of that are starting to... MORE->
About Keith and Gina MacRae

Reported by

Paul and Judy Wilson
as of 11/12/2008:

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

Larry and Judy Salas
as of 11/2/2008:

As of today, November 2, 2008 Realty Times reports that the average interest rate nationally is 6.46% for a 30 year fixed interest rate loan compared to 6.09% last month. The number of homes that closed during the first ten months of the year was... MORE->
About Larry and Judy Salas

Reported by

Julian Morales
as of 10/31/2008:

The Albuquerque Metro area Market is still doing great compared to other markets around the country. Do to many companys moving here from around the world like the Areo Space Industry, Movie Industry, & Fidelity Investments all of which will be... MORE->
About Julian Morales

Reported by

Franz Redl
as of 10/15/2008:

The Housing Supply-Demand Ratio for September increased slightly to 9.04 compared to August (8.85). This Supply-Demand Ratio provides a monthly indicator of the balance between Buyers and Sellers. It compares the number of active listings with the... MORE->

Reported by

George Russell
as of 10/13/2008:

The Albuquerque area market is definitely favoring buyers. Closed sales are down over 29% compared to this time last year. The median sales price for detached single family homes is down 2.99% compared to Sept.'07 to $186,750. For condos/townhomes... MORE->
About George Russell

Reported by

Linda Devlieg
as of 7/9/2008:

The Albuquerque Market continues to get more robust!We believe that the negative media is turning into a positive. This month's TOP Selling Price Range is $200K to $249K. The areas include Northeast Heights, Southwest Heights, and Paradise... MORE->
About Linda Devlieg

Average Current Market Rating: 1.8 (10 ratings)

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

Average Current Price Trend: 2.5 (10 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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