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April 2007 Home Sales Report

“The April 2007 Residential Home Sales statistics show a slowdown in the housing market in the Greater Albuquerque area compared to last April. We’ve seen a 9% decrease in sales for April 2007 versus April of 2006,” said Scott Dean, Chairman of the Albuquerque Metropolitan Board of REALTORS®, “The Albuquerque Resale Housing Market has continued to slow down from last year and the housing inventory has continued to increase. Unlike many areas around the country, resale home prices stay strong and we’re seeing good home appreciation rates,” concluded Dean.

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