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Pending Sales Flat from March

Albuquerque, NM, May 10, 2011 –There were 567 closed sales during the month of April, three fewer when compared to March, according to the Greater Albuquerque Association of REALTORS®.

"April was the second highest month for closed sales since June 2010," said Peter Parnegg, President of the Greater Albuquerque Association of REALTORS®. "There was a decline in home sales when compared to April 2010, but last April was the final month to qualify for the $8,000 homebuyer tax credit, and homebuyers were rushing to meet the deadline."

There were 903 pending sales during the month of April, exactly the same amount of pending sales were reported in March. "Consumers realize these low interest rates will not last forever and it’s definitely enticing for potential homebuyers," Parnegg said.

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.

View the April 2011 Market Report

Market Report

April 2011 Market Report