Greater Albuquerque Association of REALTORS速 Phone: (505)842-1433 / Fax: (505) 842-0448
Greater Albuquerque Area Housing Trends - 2007 vs. 2008 Class R1 (Existing Single-Family Detached) and Class R2 (Existing Condo/Townhome Attached) homes Month
Average $, 2007
Average $, 2008
Median $, Median $, 2007 2008
Interest Rate '07
Interest Rate '08
Sales Sales Pending Pending 2007 2008 2007 2008
New New 2007-4 2008
JANUARY Class R1 Class R2
$234,807 $227,898 $190,000 $148,732 $165,124 $138,450
$185,000 $152,500
6.33%
6.25%
662 82 744
408 64 472
935 119 1054
884 108 992
1,952 1,817 192 216 2,144 2,033
FEBRUARY Class R1 Class R2
$234,176 $226,342 $189,800 $162,435 $159,000 $153,000
$189,250 $157,750
6.37%
6.42%
741 79 820
532 60 592
1034 112 1146
768 75 843
1,897 1,615 168 158 2,065 1,773
MARCH Class R1 Class R2
$239,311 $236,394 $198,500 $160,433 $160,804 $153,000
$191,250 $148,250
6.27%
6.62%
964 119 1083
624 68 692
1155 113 1268
836 88 924
2,581 1,800 227 191 2,808 1,991
APRIL Class R1 Class R2
$243,023 $227,281 $198,012 $162,499 $160,248 $145,750
$189,000 $152,000
6.35%
6.54%
910 78 988
641 67 708
1148 99 1247
862 98 960
2,491 1,805 223 188 2,714 1,993
MAY Class R1 Class R2
$246,062 $247,295 $199,000 $158,143 $180,035 $145,000
$205,000 $163,500
6.39%
6.56%
1020 109 1129
674 72 746
1157 148 1305
869 92 961
2,639 1,956 200 206 2,839 2,162
JUNE Class R1 Class R2
$254,298 $248,375 $201,500 $172,009 $164,510 $162,000
$203,500 $157,000
6.73%
6.88%
1011 103 1114
738 85 823
1108 137 1245
857 89 946
2,755 1,878 260 168 3,015 2,046
JULY Class R1 Class R2
$261,699 $240,986 $214,900 $164,501 $165,437 $147,000
$196,000 $150,000
6.85%
6.94%
992 124 1116
704 69 773
1058 129 1187
871 106 977
2,615 1,882 227 200 2,842 2,082
AUGUST Class R1 Class R2
$243,411 $238,018 $208,000 $161,765 $150,457 $149,900
$195,000 $239,018
6.96%
7.00%
833 101 934
619 64 683
911 96 1007
723 86 809
2,742 1,668 281 157 3,023 1,825
SEPTEMBER Class R1 $232,735 $222,947 $192,500 Class R2 $166,295 $151,205 $155,000
$186,750 $135,000
6.83%
6.65%
716 82 798
604 62 666
758 78 836
706 75 781
2,127 1,502 261 145 2,388 1,647
OCTOBER Class R1 Class R2
$246,522 $224,720 $200,000 $151,811 $168,432 $149,000
$189,417 $160,000
6.72%
6.85%
687 71 758
511 59 570
665 82 747
575 60 635
2,393 1,411 215 160 2,608 1,571
NOVEMBER Class R1 $233,956 $212,088 $189,450 Class R2 $159,962 $160,497 $142,000
$180,000 $149,200
6.56%
6.69%
556 64 620
411 44 455
645 73 718
493 56 549
1,372 1,121 127 103 1,499 1,224
DECEMBER Class R1 $240,602 $179,900 $200,000 Class R2 $171,535 $164,000 $145,000
$179,900 $164,000
6.61%
6.01%
516 51 567
412 52 464
543 45 588
477 42 519
1,064 97 1161
Total Sales for Year 2007: 10,961*
Class R1 Active Listings as of 01/10/2008: Class R2 Active Listings as of 01/10/2008: Class R1 & R2 Actives as of 01/10/2008:
Total Sales for Year 2008: * 8144
5,523 543 6,066
Class R1 Active Listings as of 01/09/2009: Class R2 Active Listings as of 01/09/2009: Class R1 & R2 Actives as of 01/09/2009:
5,250 611 5,861
* This is the Year-To-Date (YTD) total.
息 2009 Greater Albuquerque Association of REALTORS速 Statistics for 2008 pulled from MLS system on 1/16/08. The Greater Albuquerque Association of REALTORS速 reports statistics from the Southwest Multiple Listing Service.
917 133 1050