1. Demand is high
We haven't seen activity quite like this since 2007. According to the National Association of Realtors, sales are up 9.2% from 2011 and there is no sign of that number slowing down. There are several buyers out there and they are ready to buy!
2. Supply is low
The Albuquerque real estate market has not seen it's inventory this low since 2006. Homes are being picked off the shelf at a pace that is hopeful. Nationally, inventory is down 21.6%. If you are thinking about selling you Albuquerque home now, stop thinking and do it! If you can get your home on the market before spring when historically inventory spikes, you may be able to sell your home before those spring homes hit the market.
3. New Construction is coming back
When was the last time you heard anything good about new construction? If you haven't noticed already, take a look around as you drive through Albuquerque. Homes are going up and they are going up fast! It is difficult for a home buyer to resist all those shiny new features that come along with new homes in Albuquerque. Get your home on the market before they really begin to effect inventory as well!
4. Interest rates are predicted to inch up
This really needs no explanation and was pretty inevitable. The 3.75% will soon go the way of the Dodo...
These are four good reasons to list your Albuquerque home. Give us a call. We would love to help!
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