Albuquerque Real Estate Stats July 2013

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Albuquerque real estate stats for July 2013 including active, pending and closed home sales info plus average days on market, average sales price and months of inventory information by Albuquerque Real Estate Agent Rich Cederberg, eXp Realty.

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Albuquerque Real Estate Stats July 2013

  1. 1. Albuquerque Real Estate Stats July 2013 Presented by Albuquerque Real Estate Agent Rich Cederberg eXp Realty (505) 750-1846
  2. 2. Active, Pending and Closed Sales July 2013 It was another very good month for the Albuquerque Real Estate Market. Closed sales (the dark green bars) were up 26.9%. Pending sales (the red lines) were up 24.2%. Active listings were up a modest 3.3% as sellers who have been holding out for better times are listing their homes now.
  3. 3. Average Days on Market July 2013 The average days on market stat which averages the number of days from when a house is first listed until a contract is accepted and its status is changed to pending, was down from 79 days in July 2012 to 67 days in July 2013. That’s an improvement of 15.2%.
  4. 4. Months of Home Inventory July 2013 This stat best represents the feel on the street. To get this number you take the active listings and divide that number by the closed sales in a month. The resulting number is the number of months it would take to sell all the homes on the market. The lower the number, the hotter the market.
  5. 5. Average Sales Price July 2013 The average sales price appears to be recovering over the last three months. In July 2012, the average sales price was $202,000. July 2013 that number was up to $218,000. That’s a strong 7.9% increase.
  6. 6. By Albuquerque Real Estate Agent Rich Cederberg eXp Realty (505) 750-1846 To view more Albuquerque Real Estate Stats visit my blog at AlbuquerqueRealEstateBuzz.com
  7. 7. To search for homes visit AlbuquerqueRealEstatePlace.com These Albuquerque real estate statistics were provided by the Greater Albuquerque Association of REALTORS® data on 08/15/2013. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included. (505) 750-1846

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