GAAR.com » Market Statistics » August 2009 Market Report
August 2009 Market Report
Monthly Highlights
• Pending sales for single-family, detached homes are up 12.69% from the previous month and increased 36.38% from the previous year.
• Single-family, detached homes sales for Albuquerque show an increase of 0.7% from the previous year.
• Single-family, detached home sales for Rio Rancho are up 8.33% from the previous year.
• Home sales for condos/townhomes in the Southwest MLS market areas are up 34.38% from the previous year.
Contact: Don Padilla, Chairman of the Board, 505-275-3615, .(JavaScript must be enabled to view this email address)
Read the full August 2009 Market Report
Previous 10 Home Sales Reports
- 2010 2nd Quarter Sales Report
- June 2010 Market Report
- May 2010 Market Report
- April 2010 Market Report
- 2010 1st Quarter Sales Report
- March 2010 Market Report
- February 2010 Market Report
- January 2010 Market Report
- 2009 Year End Home Sales Report
- 2009 4th Quarter Sales Report
- View the Home Sales Report archive
Previous 10 Area Spotlight Reports
- Area Spotlight - MLS Area 10 – Sandia Heights
- Neighborhood Spotlight - Pat Hurley
- Area Spotlight - Rio Rancho Areas 140-162
- Area Spotlight - Area 50 - Northeast Heights
- Neighborhood Spotlight - Barelas
- Area Spotlight - East Mountain Areas 210-293
- Neighborhood Spotlight - Nob Hill
- Area Spotlight - MLS Area 42 - UNM South
- Area Spotlight - MLS Area 103 – West River Valley
- Area Spotlight - MLS Area 30 – Far Northeast Heights
- View the Area Spotlight archive
Previous 10 Data Articles
- MLS Areas showing increases in sale price
- Absorption Rates by Area (July 2010)
- Home Sale Prices from 2005-2010
- Absorption Rates by Area (Feb. 2010)
- January 2010 Market Conditions
- How Old is That Home?
- What’s for sale in the Greater Albuquerque Market? (for May 2010).
- Square Footage of Single-Family Homes.
- Pending Home Sales
- Single-Family Home Sales from 2005-2009: Top Selling Price Ranges
- View the Data Articles archive
Comments (5)
Welcome to the party, condos/townhomes!
on Sep 23, 2009 at 3:15 pm
Such GOOD news! What will really make a difference in the next six months is that New Listings are down; a downturn trend in this area will really help prices move upward. Just last week I had my first "Multiple offer" situation since 2006! Now that really speaks volumes.
on Sep 14, 2009 at 1:35 pm
This is a busy time, back to school and fall on the way but I love this time of year and have always been busy in real estate during the fall and winter!
The air is crisp and fresh in New Mexico this time of year, the leaves are starting to change, hot air balloons are in the sky and the smell green chili roasting....mmmm...who would want to "live" anywhere else?
on Sep 12, 2009 at 11:17 am
This is fantastic news! A 12.69% rise in pending sales from July 2009 means people are buying consistently in our area. In our business on Albuquerque's West Side, we have seen a great increase in activity on all of our listings, regardless of size, condition or price. As a matter of fact, every listing we had under $200,000 received an offer in July or August! This tells us the First Time Buyer Tax Credit is really getting people off the couch that may not have been so motivated this summer. Let's keep it going! Spread the word to everyone you know that rents and tell them to contact a mortgage banker or broker and give them the name of your Realtor to get the process started. The deadline to get pre-qualified and shop for a house is October 1st so there is no time to waste!
on Sep 10, 2009 at 7:59 pm
The statistics for August are encouraging. Maybe we shouldn't start dancing in the streets just yet, but the figures are unambiguous about the trend of market.
on Sep 10, 2009 at 7:43 pm
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