A First Look at the February 2022 Albuquerque Real Estate Market Data

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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.


πŸ‘‰The Median Sale price is at $306,250, an all-time high. https://abq.stats.showingtime.com/infoserv/s-v1/DEFf-YL0


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πŸ‘‰ Average price per SqFt reached $180, an all-time high. https://abq.stats.showingtime.com/infoserv/s-v1/DEEz-yy7


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πŸ‘‰ 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 is… the number of homes selling has not really changed. https://abq.stats.showingtime.com/infoserv/s-v1/DE3T-oHK

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πŸ‘‰The 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

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πŸ‘‰ 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 is… the number of homes selling has not really changed. https://abq.stats.showingtime.com/infoserv/s-v1/DE3T-oHK

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πŸ‘‰ 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

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πŸ‘‰The 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

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πŸ‘‰ 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 is… the number of homes selling has not really changed. https://abq.stats.showingtime.com/infoserv/s-v1/DE3T-oHK

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πŸ‘‰ Months Supply is kinda ridiculous. Overall we have 0.4 months and under the median ($300k), it’s 0.2 months or 6 days! 🀯 https://abq.stats.showingtime.com/infoserv/s-v1/DEO2-pjb

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πŸ‘‰ 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

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πŸ‘‰The 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

Image

πŸ‘‰ 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 is… the number of homes selling has not really changed. https://abq.stats.showingtime.com/infoserv/s-v1/DE3T-oHK

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πŸ‘‰ 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

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πŸ‘‰ Months Supply is kinda ridiculous. Overall we have 0.4 months and under the median ($300k), it’s 0.2 months or 6 days! 🀯 https://abq.stats.showingtime.com/infoserv/s-v1/DEO2-pjb

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πŸ‘‰ 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

Image

πŸ‘‰The 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

Image

πŸ‘‰ 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 is… the number of homes selling has not really changed. https://abq.stats.showingtime.com/infoserv/s-v1/DE3T-oHK

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πŸ‘‰ 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

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πŸ‘‰ 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

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πŸ‘‰ Months Supply is kinda ridiculous. Overall we have 0.4 months and under the median ($300k), it’s 0.2 months or 6 days! 🀯 https://abq.stats.showingtime.com/infoserv/s-v1/DEO2-pjb

Image

πŸ‘‰ 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

Image

πŸ‘‰The 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

Image

πŸ‘‰ 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 is… the number of homes selling has not really changed. https://abq.stats.showingtime.com/infoserv/s-v1/DE3T-oHK

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