• Skip to main navigation
  • Skip to content
  • Skip to footer

Albuquerque Real Estate | Venturi Realty GroupAlbuquerque Real Estate | Venturi Realty Group

Top Albuquerque Real Estate Agents | Venturi Realty Group

  • Search
    • Advanced MLS Search
    • Just Listed
    • Recent Price Reductions
    • Open Houses
    • Map Search
    • Foreclosures For Sale
    • Owner Financing Offered
    • New Construction
      • New Home Neighborhoods
    • Commercial Properties
    • Vacant Land Search
    • MLS Maps Search
    • Homes by Zip Code
  • Lifestyle
    • Luxury Homes
    • Condos, Lofts & Townhomes
    • Homes With a Swimming Pool
    • Horse Properties
    • Homes With A View
  • Communities
    • All Albuquerque
    • Far Northeast Heights Albuquerque
    • Near Northeast Heights Albuquerque
    • Westside / Northwest Albuquerque
    • North Valley Albuquerque & Los Ranchos
    • Downtown and UNM Areas Albuquerque
    • Southwest and South Valley Albuquerque
    • Southeast Areas Albuquerque
    • Rio Rancho, NM
    • East Mountain Areas
    • Valencia County Areas
    • Corrales, NM
    • Placitas, NM
    • Bernalillo, NM
    • Santa Fe, NM
    • Communities Map
  • Buyers
    • Home Buyer Guide (Spring 2021)
    • Home Buyer Wish List
    • VIDEO – Steps to Buying a Home
    • VIDEO – Home Financing Options
    • Free Relocation Guide
    • Mortgage Calculators
    • Emailed Listing Alerts
  • Sellers
    • Homeowner Consultation
    • Quick CMA
    • Home Seller Guide (Spring 2021)
    • Video – Preparing Your Home for Sale
    • Home Seller Videos
    • Path to Sold
  • About
    • Blog
    • About Us
    • Meet the Team
    • Real Estate Talk Radio and Podcast
    • Featured Homes
    • Testimonials
    • Experience
  • Market
    • Latest Market Data
    • Long-Term Price and Sales Trends
    • 10-Year Market Trends
    • Real-Time Market Conditions
    • Market Action Index
    • Current Market Profile by Zip Code
    • Inventory Tracking Project
    • Luxury Market Tracking Project
  • 505-448-8888
  • Email

The Surging Real Estate Market Continues to Climb

The Surging Real Estate Market Continues to Climb | Simplifying The Market

Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following:

  1. Housing Demand – Growth in online search activity
  2. Home Price – Growth in asking prices
  3. Housing Supply – Growth of new listings
  4. Pace of Sales – Difference in time-on-market

The index compares the current status “to the January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market’s index value, the higher its recovery and vice versa.”

The graph below charts the index by showing how the real estate market started out strong in early 2020, and then dropped dramatically at the beginning of March when the pandemic paused the economy. It also shows the strength of the recovery since the beginning of May.The Surging Real Estate Market Continues to Climb | Simplifying The MarketToday, the index stands at its highest point all year, including the time prior to the economic shutdown.

The Momentum Is Still Building

Though there is some evidence that the overall economic recovery may be slowing, the housing market is still gaining momentum. Zillow tracks the number of homes that are put into contract on a weekly basis. Their latest report confirms that buyer demand is continuing to dramatically outpace this same time last year, and the percent increase over last year is growing.The Surging Real Estate Market Continues to Climb | Simplifying The MarketClearly, the housing market is not only outperforming the grim forecasts from earlier this year, but it is also eclipsing the actual success of last year.

Frank Martell, President and CEO of CoreLogic, explains it best:

“On an aggregated level, the housing economy remains rock solid despite the shock and awe of the pandemic.”

Bottom Line

Whether you’re considering buying or selling, staying on top of the real estate market over the coming months will be essential to your success.

Posted in: For Buyers, For Sellers, Housing Market Updates

Post navigation

« Is Now a Good Time to Move?
How Low Inventory May Impact the Housing Market This Fall »

Albuquerque Area Zip Codes We Serve

  • 87001 Algodones
  • 87002 Belen
  • 87004 Bernalillo
  • 87008 Cedar Crest
  • 87015 Edgewood
  • 87031 Los Lunas
  • 87035 Moriarty
  • 87042 Peralta
  • 87047 Sandia Park
  • 87048 Corrales
  • 87059 Tijeras
  • 87068 Bosque Farms
  • 87102 Albuquerque
  • 87104 Albuquerque
  • 87105 Albuquerque
  • 87106 Albuquerque
  • 87107 Albuquerque
  • 87108 Albuquerque
  • 87109 Albuquerque
  • 87110 Albuquerque
  • 87111 Albuquerque
  • 87112 Albuquerque
  • 87113 Albuquerque
  • 87114 Albuquerque
  • 87120 Albuquerque
  • 87121 Albuquerque
  • 87122 Albuquerque
  • 87123 Albuquerque
  • 87124 Rio Rancho
  • 87144 Rio Rancho
  • Albuquerque Area MLS Map and MLS Areas List
  • Albuquerque Real Estate
  • Top Albuquerque Area Realtors

    Venturi Realty Group - Keller Williams Realty

    1119 Alameda Blvd NW Albuquerque, NM 87114

    (505) 448 8888
    info@welcomehomeabq.com

    KW Main Office Location

    6703 Academy Blvd NE Albuquerque NM, 87109

    © 2021 Venturi Realty, Inc.

    Terms of Services | Privacy Policy | Sitemap

    Responsive Real Estate Websites by HoopJumper