Thursday, April 15, 2010

Albuquerque Real Estate News!

Albuquerque Real Estate Sales are on the rise!
In March the local area housing market saw significant increases in home sales! There were 634 residential inits in March 2010 which represented a 36% increase over the same month in 2009! Additionally there were 1,077 sales placed under contract in March 2010 which represented an incredible increase of 44% over March of 2009! This was the highest number of pending sales since June 2007!
The median price dropped about 5% from $184,500 in March of 2009 to $175,000 for March of this year. The average price dropped slightly to $211,049.
The number of homes cureently on the market is down 4.7% from this time last year!
The market is brisk! Buyers are in the marketplace and sellers are selling. With today's interest rates this is nothing but good news for all involved!
Did you know that The Albuquerque Real Estate Group can place your home in the Coldwell Banker Legacy Welcome Home Magazine every month until it sells? Well, we can and we will!

Visit us at TheAlbuquerqueRealEstateGroup.com and search the Albuquerque MLS!
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