Home sales in Albuquerque Uptown were down sharply for the second month in row. Despite this, the average price per square foot has increased for two months in a row. Inventory levels are growing; there are plenty of affordable homes for sale in Albuquerque Uptown right now.
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Albuquerque Uptown Stats
September sales stats:
|Total Detached Sales||18|
|Price Range||$45,000 to $310,000|
|Average Sales Price||$166,269|
|Median Sales Price||$164,950|
Home Sales and Pending Sales Down in Albuquerque Uptown
Both home sales and pending sales were down in September. It’s not unusual to see home sales on the decrease at this time of the year as the holidays approach, yet it’s surprising to see year over year sales down. Sales were down 15% year over year.
Uptown Price Per Square Foot
This graph shows that the average price per square foot has increased over the last two months after 5 months where the stat was very stable.
Months of Home Inventory
The number of homes on the market have grown sharply over the last three months as home sales have declined.
by Albuquerque Real Estate Agent Rich Cederberg, 803-5012, Venture Realty Group, 255-5609.
These Albuquerque Uptown real estate statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 11/03/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.