Most of the September home sales have been reported, and already it’s clear that the numbers are once again overwhelmingly positive for Albuquerque.
These are preliminary stats based on the MLS sales that have been reported so far. Remember to check back over the next several days for updates.
Updated 10/03/2013 at 11:15pm
ABQ Metro Real Estate Stats by Area
Homes Sales in Albuquerque
It was another good month for home sales in Albuquerque. 581 closed sales have been reported so far, up from 524 closed sales last year. That’s a 11% increase. More sales will be posted over the coming days, so the numbers are going to be very strong.
REO sales were up 5%, short sales were down about 33% year over year. Overall, 79% of the reported home sales were fair market or equity sales, up from 74% year over year.
Attached home sales (condos and townhomes) were up 15%.
House Sales in Rio Rancho
Home sales in Rio Rancho, which have been lagging behind Albuquerque until recently, were very strong again last month, up 29% this year over last year. REO or bank owned home sales, which made up 24% of the sales last year, increased to 28% of sales this year. Short sales were down from 16% of sales to 12% of sales.
Sales in the Outlying Areas
Closed sales increased in Los Lunas and Placitas. Sales declined in the east mountains and Corrales.
Thanks for reading my Albuquerque real estate market sneak peak for this month. Check back, I will be updating the numbers as they roll in.
These Albuquerque real estate statistics were provided by the Greater Albuquerque Association of REALTORS®data on 10/02/2013. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.
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by Rich Cederberg, Albuquerque Real Estate Agent, (505) 803-5012.