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It’s February 1st, 2022, and needless to say, the Real Estate Market in Albuquerque has seen unprecedented activity. Here is a look at the data.
πThe Median Sale price is at $306,250, an all-time high. https://abq.stats.showingtime.com/infoserv/s-v1/DEFf-YL0
π Average price per SqFt reached $180, an all-time high. https://abq.stats.showingtime.com/infoserv/s-v1/DEEz-yy7
π Even with the limited supply and frantic pace, there were 1,074 homes that went Under Contract in Feb 2022. This is down slightly from 20 and 21 but above 17,18,&19. The point isβ¦ the number of homes selling has not really changed. https://abq.stats.showingtime.com/infoserv/s-v1/DE3T-oHK
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πThe average Days On Market had ticked up over the last few months, I was happy about that, but we saw it go to 16 Days in Feb. The Median DOM is at 4, meaning 50% of Listings sell in 4 days or less. https://abq.stats.showingtime.com/infoserv/s-v1/DEuo-lU6
π Even with the limited supply and frantic pace, there were 1,074 homes that went Under Contract in Feb 2022. This is down slightly from 20 and 21 but above 17,18,&19. The point isβ¦ the number of homes selling has not really changed. https://abq.stats.showingtime.com/infoserv/s-v1/DE3T-oHK
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π The Average % of List Price to Sell Price is a tick lower than last summer and trending up. Overall it’s at 101.5% and it’s 102.1% under the median price. The Median Ratio is right at 100%, so 50% of homes are selling over list price. https://abq.stats.showingtime.com/infoserv/s-v1/DEOr-le5
πThe average Days On Market had ticked up over the last few months, I was happy about that, but we saw it go to 16 Days in Feb. The Median DOM is at 4, meaning 50% of Listings sell in 4 days or less. https://abq.stats.showingtime.com/infoserv/s-v1/DEuo-lU6
π Even with the limited supply and frantic pace, there were 1,074 homes that went Under Contract in Feb 2022. This is down slightly from 20 and 21 but above 17,18,&19. The point isβ¦ the number of homes selling has not really changed. https://abq.stats.showingtime.com/infoserv/s-v1/DE3T-oHK
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π Months Supply is kinda ridiculous. Overall we have 0.4 months and under the median ($300k), it’s 0.2 months or 6 days! π€― https://abq.stats.showingtime.com/infoserv/s-v1/DEO2-pjb
π The Average % of List Price to Sell Price is a tick lower than last summer and trending up. Overall it’s at 101.5% and it’s 102.1% under the median price. The Median Ratio is right at 100%, so 50% of homes are selling over list price. https://abq.stats.showingtime.com/infoserv/s-v1/DEOr-le5
πThe average Days On Market had ticked up over the last few months, I was happy about that, but we saw it go to 16 Days in Feb. The Median DOM is at 4, meaning 50% of Listings sell in 4 days or less. https://abq.stats.showingtime.com/infoserv/s-v1/DEuo-lU6
π Even with the limited supply and frantic pace, there were 1,074 homes that went Under Contract in Feb 2022. This is down slightly from 20 and 21 but above 17,18,&19. The point isβ¦ the number of homes selling has not really changed. https://abq.stats.showingtime.com/infoserv/s-v1/DE3T-oHK
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π Showing activity was at an all-time high. 12.6 showings per listing and an average of 18.9 Showings to Pendings. https://abq.stats.showingtime.com/infoserv/s-v1/DE8E-4Z7
π Months Supply is kinda ridiculous. Overall we have 0.4 months and under the median ($300k), it’s 0.2 months or 6 days! π€― https://abq.stats.showingtime.com/infoserv/s-v1/DEO2-pjb
π The Average % of List Price to Sell Price is a tick lower than last summer and trending up. Overall it’s at 101.5% and it’s 102.1% under the median price. The Median Ratio is right at 100%, so 50% of homes are selling over list price. https://abq.stats.showingtime.com/infoserv/s-v1/DEOr-le5
πThe average Days On Market had ticked up over the last few months, I was happy about that, but we saw it go to 16 Days in Feb. The Median DOM is at 4, meaning 50% of Listings sell in 4 days or less. https://abq.stats.showingtime.com/infoserv/s-v1/DEuo-lU6
π Even with the limited supply and frantic pace, there were 1,074 homes that went Under Contract in Feb 2022. This is down slightly from 20 and 21 but above 17,18,&19. The point isβ¦ the number of homes selling has not really changed. https://abq.stats.showingtime.com/infoserv/s-v1/DE3T-oHK
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π The Number of Homes on the market came in at 480, this is the lowest monthly number ever. Under the Median price of $300k is only 120. https://abq.stats.showingtime.com/infoserv/s-v1/DERy-L4Y
π Showing activity was at an all-time high. 12.6 showings per listing and an average of 18.9 Showings to Pendings. https://abq.stats.showingtime.com/infoserv/s-v1/DE8E-4Z7
π Months Supply is kinda ridiculous. Overall we have 0.4 months and under the median ($300k), it’s 0.2 months or 6 days! π€― https://abq.stats.showingtime.com/infoserv/s-v1/DEO2-pjb
π The Average % of List Price to Sell Price is a tick lower than last summer and trending up. Overall it’s at 101.5% and it’s 102.1% under the median price. The Median Ratio is right at 100%, so 50% of homes are selling over list price. https://abq.stats.showingtime.com/infoserv/s-v1/DEOr-le5
πThe average Days On Market had ticked up over the last few months, I was happy about that, but we saw it go to 16 Days in Feb. The Median DOM is at 4, meaning 50% of Listings sell in 4 days or less. https://abq.stats.showingtime.com/infoserv/s-v1/DEuo-lU6
π Even with the limited supply and frantic pace, there were 1,074 homes that went Under Contract in Feb 2022. This is down slightly from 20 and 21 but above 17,18,&19. The point isβ¦ the number of homes selling has not really changed. https://abq.stats.showingtime.com/infoserv/s-v1/DE3T-oHK
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