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August 2016 Market Statistics

Welcome to the Greater Albuquerque Association or REALTORS® new monthly market report  – "August 2016 Monthly Indicators." 

In addition to the main, market-wide report, we also have market snapshots by zip code and MLS areas. Contact eva@gaar.com for to request a specific zip code or MLS area.

Highlights: 

  • the median detached price rose 1.6 percent to $190,00
  • the average detached price rose 1.6 percent to $226,422
  • the number of new listings increased 4.2 percent for single-family detached homes and 18.9 percent for condos, townhomes and other attached homes
  • overall inventory of detached home for sale dropped 16.0 percent in August
  • detached homes sold in an average of 51 days – which is 8.9 percent faster than in August 2015
  • the 1,071 homes sold in August 2016 - a 9.1 percent increase compared to 2015
  • pending sales increased 24.2 percent for detached homes 

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