Preliminary Real Estate Stats for March 2013

There is mixed news in this month’s preliminary real estate stats for the Albuquerque metro area. Sales weren’t down in any area; they held steady when compared to sales in March 2012. However, one part of the metro area did experience a sizeable increase in sales. Please read on to learn which area fared much better than the others.

Due to the cyclical nature of the real estate market, this report compares sales in March 2013 to March 2012.

(Stats updated 04/03/2013 9:26pm)

Albuquerque Metro Home Sales Stats

Homes Sales in AlbuquerqueAlbuquerque Real Estate Stats

There have been 507 closed sales reported so far, compared with 486 sales last March. That’s a 5.4% increase in total sales. No doubt a few more sales will be reported, but the chance that we’re going to blow by last years numbers with a double digit increase in home sales is pretty small.

Total distressed property sales (foreclosure sales and short sales) were down about 4.5% compared to last year.

House Sales in Rio Rancho

The numbers are considerably better in Rio Rancho. So far 145 closed sales have been reported, up from the 105 closed sales that were reported last year. That’s an increase of 38% and that number could even grow slightly.

Distressed property sales were up about 4%.

Sales in the Outlying Areas Areas

Closed sales were flat in the East Mountains, Los lunas and Placitas. Sales were up in Corrales, however, to the tune of 33%.

These Albuquerque real estate statistics were provided by the Greater Albuquerque Association of REALTORS®data on 03/05/2013. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.

If you appreciate the time it takes me to research and publish these reports won’t you please take a fraction of a second to hit the “like” or the “+1″ button?  My post will not be automatically shared to your wall. Of course if you want to share it then please do! Please feel free to share and Tweet as well!

by Rich Cederberg, Albuquerque Real Estate Agent, (505) 803-5012. 


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