MARKET WATCH! For February 2012 single-family detached homes sales rose 23.41% from the previous year and 23.11% from the previous month. Pending
home sales increased 32.01% from the previous year. Active listing inventory fell with this month showing the lowest number of single-family detached homes for sale since June 2006. The Average Sales Price for single-family detached homes was $195,165 and the Median Sales Price was $161,500. Finally, the Average Days on the Market was 87. (Greater Albuquerque Association of Realtors)
Presently, we have approximately 1,000 fewer listings as this same time last year. So, if you are thinking of putting your home on the market to keep up with continuing demand, now is the best time!
Feel free to contact The Sugar Team to find out how.