• Demember 2006
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The year 2007 was a banner year for home sellers in the Albuquerque area, with houses fetching the highest prices on record. But if January sales numbers are an accurate forecast, 2008 will be more favorable for the buyer.
The average sale price for an existing single family home last year was $243,089, a 6% increase over 2006. Data from the first month of 2008 says a different story could be in the Albuquerque metro area's future. Home sale prices are down an average of 2.8% this January compared with the same month last year, and the average number of days on the market is longer than it has been in the last 12 months. The number homes sold at the first of this year, too,is down. January sales declined by nearly 40% over the same month last year.

Labels: Real Estate Market