Albuquerque Home Prices Down in September

"In September, home prices fell slightly from the month before, with a median listing price of $386,695. The number of listings on the market shrank 2.1% from last month, which is a bigger decrease than normal for this time of the year in Albuquerque, and homes are also selling slower than at the same time last year. Home prices in Albuquerque Typically, home price per square foot in Albuquerque tend to rise in September."

"But the most recent data shows that the price per square foot remained practically unchanged compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Duke City are smaller the national market. Albuquerque inventory In September, there were 1,236 homes for sale in Albuquerque, which was 2.1% less than the month before and 18.5% more than the same time last year."

Median listing price in Albuquerque was $386,695 in September, a slight month-over-month decline. Listings on the market decreased 2.1% from the prior month, a larger-than-normal seasonal drop, while active inventory was 18.5% higher than a year earlier with 1,236 homes for sale. Price per square foot remained practically unchanged from August, contrasting with a 0.8% national decrease and indicating smaller local movements. Homes averaged 60 days on market in September, unchanged month-over-month and eight days longer than the same month last year. National active inventory rose 0.2% to 1,100,407 and national DOM was 62 days.

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