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June Sales UP Twenty-five Percent over Prior Year

Albuquerque, NM, June 10, 2013 – According to the latest monthly statistics prepared by the Greater Albuquerque Association of REALTORS®, single-family detached sales increased 25.4 percent compared to June 2012.    Inventory of single-family detached homes increased 7.10 percent over the same month the prior year and new listings entering the market were 17.02 percent over June 2012.

The median price of a single-family home held at $172,000, a 0.4 percent decrease from June 2012.  The average sale price increased 2.3 percent from the previous year to $212,456.

“REALTORS® are reporting lots of activity,” said Julie Greenwood, 2013 President of the Greater Albuquerque Association of REALTORS®, “with many properties selling within a few days of going on the market.”  “Buyers are watching interest rates rise which is motivating them to finally make a move,” she added.  “Once again 76% of the sales occurring in the Albuquerque metro market are less than $250,000,”  she said.

To see the full report for June market statistics go to and click on Market Statistics.

The Greater Albuquerque Association of REALTORS® is the largest local professional trade association in Central New Mexico with nearly 3000 members pledged to a strict Code of Ethics and Standards of Practice. Established in 1921, GAAR is recognized as a leading provider of real estate information services, data and education in New Mexico

Market Report

June 2013 Market Report