MARKET WATCH! For January 2012 single-family detached homes sales in the Greater Albuquerque Area rose 13.22% from the previous year.
Pending home sales increased 20.63% from the previous year, being the highest January month of Pending sales since 2008. The Average Sales Price for single-family detached homes was $195,000 and the Median Sales Price was $165,000. Finally, the Average Days on the Market was 87. (Greater Albuquerque Association of Realtors)