"The June 2007 Residential Home Sales statistics show a slowdown in the housing market in the Greater Albuquerque area compared to last June. We've seen a 12.48% decrease in sales for June 2007 versus June 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 are strong with a 3% increase in Median Sales Price and a 6.3% increase in Average Sales Price over June of 2006," concluded Dean.
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