Albuquerque houses have NEVER been more in demand than right now. As of early April, 2021, the number of houses for sale in the ABQ metro area was down a shocking 69% percent compared to a year
Red Hot Market Albuquerque Market continues into 2021
Dated: February 1 2021
The red hot market continues in Albuquerque, buoyed by historically low interest rates. Low interest rates makes it a fabulous time for first time home buyers to get into the market, and nationwide they accounted for almost a third of all sales in the last quarter of 2020. With more first time homebuyers moving in, this makes it possible for the sellers of those houses to move up and buy more house with less of their payment going towards interest.
This takes a lot of the uncertainty out of selling, with Albuquerque houses going under contract in an average of 21 days, but below the mid-300s houses frequently sell in the first couple of days on market. This makes it especially important that you use me as your knowledgeable advocate and negotiator to get your offer accepted. And equally important to use me as your advocate and accredited stager/realtor to get your house staged and prepped and negotiate on your behalf to get you top dollar.
The median sales price in Albuquerque in December was $265,000 for single family homes, and $189,500 for attached homes. Homes sold for an average of 99.5% of their list price.
Click the following link for a more detailed look at December 2020 statistics for the ABQ metro are: fhttp://www.gaar.com/images/uploads/statistics/Green_Sheet_-_December_2020.pdf
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The red hot market continues in Albuquerque, buoyed by historically low interest rates. Low interest rates makes it a fabulous time for first time home buyers to get into the market, and nationwide
With inventory at record lows in Albuquerque, 2019 is a great time to think about looking at new home construction. Contact Sharon Stelzer Albuquerque Real Estate for information on ALL new home