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
Albuquerque West Side - 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

George Russell
as of 11/18/2009:

The Albuquerque are up 43.05% compared to Oct. '08. Pending Sales in Oct. were UP 56.52% compared to Oct. 2008. October 2009 is the second highest sales month for the year and the 3rd highest sales month since 2007. Pending sales in Rio Rancho were... MORE->
About George Russell

Reported by

Jared W. Murphy
as of 11/16/2009:

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 11/9/2009:

TAX CREDIT EXTENDED AND EXPANDED. Details available at http://www.findahomenewmexico.com Home sales are moving up! The latest statistics from the Greater Albuquerque Association of Realtors show an increase in home sales and pending sales over... MORE->
About Archie Saiz

Reported by

Judy Pierson, Pierson & Associates
as of 11/3/2009:

Pending home sales are up 71% compared to last October, 832 compared to 477. Things have really begun to move. Consumer confidence has risen and it look like pricing has bottomed out and the $8000 tax credit may be expended. The Greater... MORE->
About Judy Pierson, Pierson & Associates

Reported by

Larry and Judy Salas
as of 11/2/2009:

As of today, Nov. 2, 2009, Realty Times reports that the average interest rate nationally for a 30 year fixed interest rate loan is 5.03% compared to 5.04% last month. The number of homes that closed during the 1st 10 months of the year was 4729... MORE->
About Larry and Judy Salas

Reported by

Keith and Gina MacRae
as of 10/31/2009:

We believe that the Albuquerque market is leveling off. However, with an 9.07 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 market) Lower home... MORE->
About Keith and Gina MacRae

Reported by

Paul and Judy Wilson
as of 9/13/2009:

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
Holly Womack & Margaret Olivarez
as of 9/1/2009:

Whether you purchased in the Petroglyphs a few years ago or are considering a purchase now, it is still a great investment! Prices have come down in the area, due to a significant amount of homes for sale across the West Side this year. However, the... MORE->
About Holly Womack & Margaret Olivarez

Average Current Market Rating: 1.9 (8 ratings)

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

Average Current Price Trend: 2.4 (8 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > New Mexico > Albuquerque
Albuquerque West Side - 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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