Detached pending home sales in the Greater Albuquerque real estate market exceeded 1,000 for the 3rd time this year with an increase of 12% from the previous year, according to the Greater Albuquerque Association of REALTORS®. Closed sales for detached single-family homes also fared better than the previous year by 4.10%.
June was the 3rd month in a row with year-over-year increases in the average and median sale prices. The median sale price for June 2012 was $172,700 and the average was $207,679.
\"It’s exciting to see this many pending sales\", said Marc Guggino, 2012 GAAR President, \"and with improved sale prices this may turn out to be a really great year for real estate.\"
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.
So now that you know a little bit more about Albuquerque’s real estate numbers, let me show what I can do for your next real estate home sale or purchase! Albuquerque real estate is a passion! Just let me know how I can help.
Contact: 505-980-7788
EMAIL JIM
Jim Gross -- Keller Williams Realty, Albuquerque NM
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