HOME SALES AND PRICES IN THE ALBUQUERQUE METRO ARE UP FOR THE MONTH OF AUGUST. THE GREATER ALBUQUERQUE ASSOCIATION OF REALTORS SAYS INVENTORY IS DOWN 16 PERCENT COMPARED TO AUGUST 2015. IT SAYS JUST UNDER 11-HUNDRED SINGLE FAMILY HOMES WERE SOLD LAST MONTH… A 9-POINT-1 PERCENT INCREASE OVER THE SAME PERIOD LAST YEAR. AND THERE WAS A 7-POINT-9 PERCENT RISE IN THE NUMBER OF CONDOS AND TOWN HOMES SOLD.
PRICES ROSE THANKS TO THE LOWER INVENTORY. WE’RE NOW PAYING A MEDIAN PRICE OF 190-THOUSAND DOLLARS FOR A DETACHED HOME IN THE ALBUQUERQUE METRO.
