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May 2007 Home Sales Report

“Unlike many areas around the country the Greater Albuquerque area has seen resale home prices that have remained strong and we continue to have good apprecation rates. Area homes are seeing around 5% appreciation since the beginning of the year,” said Scott Dean, Chairman of the Albuquerque Metropolitan Board of REALTORS®, “The May 2007 Residential Home Sales statistics show a 12% increase in closed sales from April to May of 2007. We’re also seeing a decrease in the average days on market from 78 in April to 73 in May of this year,” concluded Dean.

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