Market Reports

February 2010 Market Report

Monthly Highlights

• February saw 380 single-family detached home sales, up 10.79 percent from February 2009 and up 8.88 percent from the previous month.

• Pending sales for single-family detached homes are up 46.98 percent from the previous year and increased 5.27 percent from the previous month.

• Market activity in the Rio Rancho areas shows significant improvements when compared to February 2009, with a 37.35 percent increase in detached home sales and a 104.11 percent increase in the number of Pending…

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MLS Area Spotlight

Area Spotlight - MLS Area 42 - UNM South

MLS Area 42 – UNM South
Area 42 is located in central Albuquerque. The Area boundaries are defined as east of Interstate 25, south of Central Ave., west of San Mateo Blvd. and north of Kirtland Air Force Base.

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Data Articles

Jeff’s Number Crunch - Absorption Rates by Area

This article utilizes the Absorption Rate, a key market indicator found in the Monthly Market Reports, in an effort to highlight existing single-family housing conditions in the Greater Albuquerque market areas. The data used for this Number Crunch article will be for single family, detached homes that are for sale now and for listings that were reported sold in the last year.

Definition of Terms:
Absorption Rate – The absorption rate measures how long it will take to exhaust the current housing inventory. An average…

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