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.