There is no better time to buy a home in the Greater Albuquerque Metropolitan Area. Close to 1300 homes sold or went under contract in January. The average home sales price for the Greater Albuquerque Area was $228,000 and for Rio Rancho $206,000. This is excellent quality at very affordable pricing. Selling a home may take a few more days, but not many, averaging 71 days. This is just about the same time a Seller needs to accomplish a move. Marked decreases in interest rates, along with quality inventory, provides Homebuyers with so many options and choices. Houses ARE selling, purchasing power IS strong, and with National recognition, Albuquerque is one of the best markets in the country. Real Estate is local, work with a REALTOR who knows your market.
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