Thursday, July 29, 2010

Abq Home Sales Continue to Beat 2009

The metro Albuquerque June home sales numbers have been out a couple of weeks, but I haven't seen them published. Maybe I missed something. So here they are.
We're almost to the end of July. Pending sales are a leading indicator and dropped sharply in May after the first-time tax credit mostly ended April 30. Sales dropped eight units during June from 731 in May, after four months of increases. So the question will be July. The number of pending sales grew by 51 during June, to 729 from 678 in May.
During June, sales of single-family detached homes continued the string of monthly year-over-year increases that have been the theme for 2010. Metro Albuquerque saw the sale closed on 723 single-family homes during June, an 11.4% increase from June 2009, according to the Greater Albuquerque Association of Realtors.
Home prices during June were the highest of the year, though down slightly from June 2009. The median home selling price was $181,000, meaning that half the metro homes sold during June cost more than $181,000 and half were less. The average selling price was $219,723.
Homes continued to sell briskly with the average home sold during June on the market for 68 days. That was just two days longer than the 66-day average sales period during May, which was the best since 2005.
There were 185 single-family detached homes sold for prices between $120,000 and $149,000. Prices between $160,000 and $199,000 accounted for 140 home sales during June with 115 sold for between $200,000 and $249,000. Three homes sold for $1 million or more during June.

No comments: