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John Myers' Blog

By John Myers | Managing Broker in Albuquerque, NM

May 2013 Albuquerque Housing Market

May 2013 Albuquerque Housing Market

The Albuquerque housing market is mixed in May 2013.  Albuquerque's housing market continues to send out mixed signals but is improving.  The median prices for a Albuquerque homes for sale in May was $174,900, down .06% compared to May of 2012.  The median price in April 2013 was down 3.88% from April 2012.

The average price for Albuquerque homes in May 2013 was up .14% compared to the average price in April 2012.  The average price for Albuquerque homes was down 6.29% in April 2013 compared to April 2012.

On the positive side, closed sales of Albuquerque homes was up 22.52% in May 2013 compared to May 2012.  Albuquerque homes are also selling faster as the average days on market was down 24.42% in May 2013 compared to May 2012.

Many cities in southwest United States have seen significant price increases in year over year comparisons.  Albuquerque home prices have not yet experienced the signifccant increases seen by other cities is the southwest United States.

Click here to search for Albuquerque homes for sale or search homes for sale in Rio Rancho.

John Myers
Myers & Myers Real Estate
505 401-7500

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