Red Hot Market Albuquerque Market continues into 2021

Dated: February 1 2021

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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 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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Sharon Stelzer

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