Preliminary Real Estate Stats for April 2013

This April real estate stats are shaping up nicely across the Albuquerque Metro Area. All the home sales numbers are not in yet, but enough data is available to publish this report on the preliminary statistics.

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

(Stats updated 05/05/2013 11:11am)

Albuquerque Metro Home Sales Stats

Homes Sales in Albuquerque

Home sales continue to be strongAlbuquerque Real Estate Stats in the Duke city. So far there have been 565 closed sales reported, compared with 416 sales last April. That’s a very strong 16% increase.

The number of distressed property sales (foreclosure sales and short sales) remained about the same as last year.

House Sales in Rio Rancho

Home sales were off the charts again in Rio Rancho. So far 141 closed sales have been reported, up from the 102 closed sales that were reported last year. That’s an 38% increase.

Distressed property sales were up considerably.

Sales in the Outlying Areas Areas

Closed sales were flat in the East Mountains, up in Los Lunas, and down in  Corrales and Placitas.

Please check back in about a week for more detailed stats inlcuding average days on market and months of inventory information.

These Albuquerque real estate statistics were provided by the Greater Albuquerque Association of REALTORS®data on 05/05/2013. 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. 

 

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Comments

  1. Wow Rich what a huge change. From what you can see does it look like the trend is going to continue throughout the summer?
    John Cunningham recently posted..85016 Homes Sold – first quarter 2013My Profile

    • I believe it will, and soon we should be seeing prices head back up too. We’ve had 20 or 21 months of improved sales totals, and trying to buy a home in some parts of town had become very competitive. Not like Phoenix though!

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All content by Albuquerque Real Estate Agent Rich Cederberg, 505.803.5012, unless otherwise noted. eXp Realty, (505) 750-1846.