Metro Albuquerque saw the sale of 769 homes closed during September. That was down 10% from August, presumably a seasonal decline, but up 17.8% from September 2012.
The 889 sales pending during September was also down from August by 122 units or 12% and ahead of September 2012 by five units.
September’s sales closed represented 76% of the August pending sales, about the same percentage of July pending sales represented by August’s 857 closed sales.
The homes with sales closed during September were on the market an average of 63 days, a five percent or three day increase from 60 days during July and August.
Both the average sales price during September ($212,307) and the median price ($177,500) retreated from the 2013 highs reached during August. September’s median price and average price were ahead of September 2012, respectively 3.2% and 4.6%. The September average price was pushed by the sale of four $1 million-plus homes during the month.
The September sales report was posted September 10 at gaar.com by the Greater Albuquerque Association of Realtors.
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