The sale of 970 single-family detached homes closed in metro Albuquerque during October. The performance was a 31-unit, or 3.1%, drop from September. October sales increased 134 units, or 16%, from October 2016.
The homes took an average of 46 days to sell, eight days, or 14.8%, faster than the year-ago period.
The Greater Albuquerque Association of Realtors released the September sales report last Friday, November 10.
Townhouses and condominiums sold even faster. The average sales period was 43 days. October saw the sale closed on 177 homes, the second highest sales month of 2017 and 27% more than October 2016.
Home prices were higher during October than a year ago, as might be expected during a time of increasing sales. Pries have fairly stable for about six months.
The median sales price was $199,450, a 5.5%, or $10,450 increase during the year. The median sales price has been around $200,000 since May.
For the average price, it was $237,286 during October, a one-year increase of nearly $20,000, or 8.7%. Excepting a one time jump to $242,000 in May, the average has been about $236,000.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment