Realty Times - Albuquerque, New Mexico Real Estate Market Conditions

Front Page

NEED HELP?

Click for Live Support

Call: 214-353-6980

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

Judy Pierson, Pierson & Associates
as of 2/8/2012:

The numbers of properties going under contract in ABQ continue on an accelerated track. For the past seven months now the number of homes going into a pending status has realized a 20% - 30% increase over the same month of the previous year. We can... MORE->
About Judy Pierson, Pierson & Associates

Reported by

Keith and Gina MacRae
as of 2/7/2012:

Another month of mixed signals. Could this mean that we are approaching the bottom of the market here in Albuquerque? Detached, single family homes going under contract in December rose over 11% from December 2010 however the average sales price of... MORE->
About Keith and Gina MacRae

Reported by

Larry and Judy Salas
as of 2/1/2012:

As of today, February 1, 2012, Realty Times reports that the average interest rate nationally for a 30 year fixed interest rate loan is 3.98% compared to 3.95% last month. The number of homes that closed during January 2012 was 288 compared to 300... MORE->
About Larry and Judy Salas

Reported by

Paul and Judy Wilson
as of 1/22/2012:

Our Greater Albuquerque area market continues to be a strong market, though it seems to have "cooled down" somewhat. Our market has become a buyer's market with inventory over 6500 homes available. The inventory of homes is OVER three times what was... MORE->
About Paul and Judy Wilson

Reported by

Archie Saiz
as of 1/16/2012:

Happy New Year to everyone. May 2012 be prosperous for all of the hard working Americans out there. 2011 mortgage rates closed under 4.00%. Pending and closed sales have increased each month over the previous month and year which is encouraging.... MORE->
About Archie Saiz

Reported by

Jared W. Murphy
as of 12/12/2011:

The GOOD NEWS is that Albuquerque's market continues to be stronger than nationwide averages. The bad news is that the market is still considerably slow. By slow, I mean that homes that aren't either prices low, or carry enough of what I refer to as... MORE->
About Jared W. Murphy

Reported by
Steven Radolinski
as of 3/26/2011:

The market is great for buyer's and serious sellers. Homes are moving but only at the right prices and with proper exposure. The real estate market is stabilizing and the lending side is getting increasingly complex. Loans are becoming more... MORE->

Reported by
Terrie Clowe
as of 9/29/2010:

My rating is based on the continued surplus of inventory, especially in the low to moderate price brackets. With interest rates continuing at historic lows, the buyer has many options at their disposal. I see this trend continuing throughout the... MORE->

Reported by
Kevin Ramos
as of 3/15/2010:

The Albuquerque market has continued steady activity. February saw 380 single-family detached home sales up 10.79% from the same month last year and up 8.88% from January. Pending sales of single-family detached homes are up 46.98% from February... MORE->

Average Current Market Rating: 1.8 (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
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.

Real Estate News Network

Larger Player, More Webcasts->

Get this Video Newsfeed for your Site

Mortgage Rates
30 Year Fixed: 3.87%
15 Year Fixed: 3.24%
1 Year Adj: 2.74%
(U.S. Weekly Averages)

Today's Headlines

LIBRARY

Buyers' Advice