Single Family Home Sales Drop From October 2915

The Greater Albuquerque Association of Realtors released the October sale report the tenth. OK, a week late in getting the summary out to you.
There was news. Metro Albuquerque’s long run of monthly year-over-year single family home sales ended in October. Sales for the month were 825 homes, a 44-home, or 5.1%, drop from October 2015. Sales were well down from 969 homes in September, but that has to be the seasonal decline.
The homes the went to closing sold in an average of 54 days, five days faster than a year ago but slower than the 49 days during September and 51 days in October.
Pending sales during October went the other way, rising by five from September to 998 and posting a 152-home, or 19.4%, jump from October 2015.
Both the median and average sales prices were up about three percent from October 2015. The October 2916 median price was $189,000; the average was $218,252. The average price dropped about four percent from August and September when it was about $227,000. The October median price was just below the $190,000 median during August.