2013 Home Sales Strongest since 2007
2013 Home Sales Strongest since 2007 – Sales of single-family detached homes in the Greater Albuquerque market ended the year at 8,864 a 15.54% improvement from 2012 sales. Sales of single-family attached homes also saw an increase from 715 units in 2012 to 877 units in 2013. The combined total sales of 9,741 are the largest number of sales since 2007.
The average sale price of single-family homes selling in 2013 rose 2.92% year-over-year to $210,488. The median sale price, the amount at which half of the homes sold for more and half sold for less, increased 3.49% to $174,900.
“Sales of homes finished the year strong and interest rates were a compelling factor for many to make the decision to buy,” said John Kynor, 2014 President of the Greater Albuquerque Association of REALTORS®. “Since 2011, sales of homes have increased each year. We are hoping this trend continues into 2014,” he continued.
To see the full report for the 2013 Annual statistics go to GAAR.com and click on Market Statistics.
The Greater Albuquerque Association of REALTORS® is the largest local professional trade association in Central New Mexico with nearly 3000 members pledged to a strict Code of Ethics and Standards of Practice. Established in 1921, GAAR is recognized as a leading provider of real estate information services, data and education in New Mexico.