With the delay in getting the monthly metro Albuquerque real estate report posted (the Greater Albuquerque Association of Realtors released the report July 10; sorry ‘bout that), I will limit the report to noting that pending sales of single family detached homes have been down on a year-over-year basis for all six months of 2014 as compared to 2013.
Closed sales have been down for three months. There were 800 closed sales during June, up three from May but 59 units, or 6.9%, behind June 2013.
The homes that closed during June were n the market an average of 60 days, the quickest sales period of 2014.
As compared to 2013, average and median prices have increase as compared to 2013 for five of the six months of 2014.
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