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September 2016 Market Statistics

Welcome To The Greater Albuquerque Association Or REALTORS® New Monthly Market Report  – "September 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 18.4 percent to $195,000
  • the average detached price rose 2.7 percent to $227,898
  • the number of new listings increased 6.5 percent for single-family detached homes and 31.0 percent for condos, townhomes and other attached homes
  • overall inventory of detached home for sale dropped 14.3 percent in September
  • detached homes sold in an average of 49 days – which is 16.9 percent faster than in September 2015
  • the 969 detached homes sold in September 2016 - a 4.5 percent increase compared to 2015
  • pending sales increased 15.7 percent for detached homes 

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