Abq Homes Sales, Prices, Up in December

During December, pending sales of single family detached dropped 12% from December 2012. Pending sales were 632 units during December. This was the third consecutive month for a year over year decline in pending sales. Remember the wind and cold from December 3 to 6. That certainly dampens the house-hunting incentive.
Closed sales, following a different drummer, saw the third consecutive monthly year over year increase, with 655 sales for the month, up 8% from December 2012 and 89 units or 16% from November 2013.
Those 655 closed sales were 90% of the 729 sales pending during November, a very high figure. Maybe the motive was getting the deal done before Christmas.
After a 1.6% drop from October to November, average prices, $219,909 in December, headed up with a four percent ($8,000) increase from December 2012 and six percent growth ($12,000) from November 2013. Two homes sold for $1 million or more, the same as during December 2012.
The median sales price was $185,000 for December, a nine percent increase from both November and from December 2012.
Average sales period went to 70 days in December, up from 61 in November and 62 in October.

Another Star Writer

Antonya Nelson is a star writer with a New Mexico connection. More than a connection, really. She teaches at New Mexico State University and lives in Las Cruces when she is not living in Telluride and Houston. Nelson's story, "First Husband," is in the current issue of The New Yorker.
My cue for some research was a mention in the story of "The Duke City."
Nelson's seventh short story collection is to be published next spring. She appears to be yet another of those national class one-person businesses that the powers that be don't know exists.