Home prices around metro Albuquerque were up 12.2 percent during the year from the first quarter of 2006 to the first quarter of 2007. The metro price growth rate was 17th nationally. Metro prices increased 1.6 percent during the first quarter of 2007.
The numbers were released May 31 by the Office of Federal Housing Enterprise Oversight (http://www.ofheo.gov). The report includes both repeat sales of homes and refinancings.
Las Cruces home prices grew a bit faster than in Albuquerque, 12.6 percent year over year, good for 15th fastest nationally, with a 2.5 percent hike in the first quarter.
Santa Fe prices increased 9.05 percent for the year, 37th nationally, and 0.16 percent during the first quarter. Farmington prices increased 6.9 percent during the period.
Across the state, home prices increased 11.2 percent, sixth fastest in the nation for the year. Statewide home prices were up 1.4 percent during the first quarter.
The Mountain states continue to have the nation’s strongest housing markets, OFHEO said.
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