Pending Sales at a 2 Year Peak

Posted on Aug 14, 2012

Detached pending home sales in the Greater Albuquerque real estate market exceeded 1,000 for the 3rd time this year with an increase of 12% from the previous year, according to the Greater Albuquerque Association of REALTORS®.    Closed sales for detached single-family homes also fared better than the previous year by 4.10%.

June was the 3rd month in a row with year-over-year increases in the average and median sale prices.  The median sale price for June 2012 was $172,700 and the average was $207,679.

“It’s exciting to see this many pending sales”, said Marc Guggino, 2012 GAAR President, “and with improved sale prices this may turn out to be a really great year for real estate.”

The Greater Albuquerque Association of REALTORS® is the largest local professional trade association in Central New Mexico with nearly 3000 members pledged to a strict Code of Ethics and Standards of Practice. Established in 1921, GAAR is recognized as a leading provider of real estate information services, data and education in New Mexico.

 

 

As reported by the Greater Albuquerque Association of REALTORS® at http://www.gaar.com/news/story/pending_sales_at_2_year_peak