1. A first look at the Feb #Albuquerque Real Estate Market home sales date gives us some new all-time Lows/Highs. This is based on all single-family homes in the metro.
👉The Median Sale price is at $306,250, an all-time high. abq.stats.showingtime.com/infoserv/s-v1/…
2. 👉 Average price per SqFt reached $180, an all-time high. abq.stats.showingtime.com/infoserv/s-v1/…
3. 👉 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. abq.stats.showingtime.com/infoserv/s-v1/…
4. 👉 Showing activity was at an all-time high. 12.6 showings per listing and an average of 18.9 Showings to Pendings. abq.stats.showingtime.com/infoserv/s-v1/…
5. 👉 Months Supply is kinda ridiculous. Overall we have 0.4 months and under the median ($300k), it's 0.2 months or 6 days! 🤯 abq.stats.showingtime.com/infoserv/s-v1/…
6.👉 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. abq.stats.showingtime.com/infoserv/s-v1/…
7. 👉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. abq.stats.showingtime.com/infoserv/s-v1/…
8. 👉 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. abq.stats.showingtime.com/infoserv/s-v1/…
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