August 12, 2013
Market: Albuquerque, NM
According to the Greater Albuquerque Association of Realtors, July single-family home prices and sales volume continued to increase at a healthy rate in the Albuquerque MSA. The median sales price increased 4% year-over-year to $182,000, and the average sales price followed suit, increasing 6% to $222,505.
Despite the rising home prices, more people are turning to homeownership in the MSA. July home sales increased 30.6% year-over-year to 939, the highest level in six years.
Read more at Albuquerque Business First.