2017 4th Quarter Market Statistics

Published on Jan 22, 2018

4th Quarter 2017 - Summary

Detached home sales totaled 2,671 units, an 8.27 percent increase when compared to 4th quarter 2016.
The median sales price for detached homes increased to $197,000, a 4.23 percent increase from a year ago.
Average sales price for detached homes increased 6.71 percent to $236,310.
Townhome and condo sales totaled 296, an increase of 17.93 percent when compared to the 4th quarter 2016.
Average sales price for townhomes and condos increased 5.06 percent to $156,902.
Detached homes sold in 49 days on average, 10.91 percent faster than the 55average days on market for 4th quarter 2016.
Townhomes and condos sold on average in 43 days. 
6.18 percent increase in the amount of new detached listings in the Greater Albuquerque area when compared to 4th quarter 2016.
Townhome and condo new listings increased 7.17 percent.