After three strong months home sales in the Far Northeast Heights declined in August. The average price per square foot continues to be up slightly and has been holding steady for the last three months. Home inventory is on the rise, although it is still within manageable levels.
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Quick Stats for the Northeast Heights
Here’s what sold last month in the Far Northeast Heights:
|Total Detached Sales||31|
|Price Range||$130,000 to $521,000|
|Average Sales Price||$281,204|
|Median Sales Price||$257,050|
Home Sales Declined in August
31 homes closed in August 2012, the same as last August, but sales were down from the last three months. 30 homes were in pending status.
Average Price Per Square Foot Holding Steady
The average price per square foot appears to be stabilizing, averaging $125 per square foot over the last 6 months compared to $123 per square foot over the previous 6 months.
Housing Inventory on the Climb
The months of inventory stat is on the climb. This stat is important because it depicts what the market feels like out there on the streets.
Written by Albuquerque Real Estate Agent Rich Cederberg. Please call or text (505) 803-5012 for more information or to receive a complimentary market analysis for your home.
These Far Northeast Heights real estate stats were provided by the Southwest MLS on 09/19/2012.