Tego Venturi πŸ πŸ“Š Profile picture
Mar 1, 2022 β€’ 8 tweets β€’ 5 min read β€’ Read on X
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.
πŸ‘‰The Median Sale price is at $306,250, an all-time high. abq.stats.showingtime.com/infoserv/s-v1/… Image
2. πŸ‘‰ Average price per SqFt reached $180, an all-time high. abq.stats.showingtime.com/infoserv/s-v1/… Image
3. 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. abq.stats.showingtime.com/infoserv/s-v1/… Image
4. πŸ‘‰ 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/… Image
5. 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! 🀯 abq.stats.showingtime.com/infoserv/s-v1/… Image
6.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. abq.stats.showingtime.com/infoserv/s-v1/… Image
7. 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. abq.stats.showingtime.com/infoserv/s-v1/… Image
8. 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. abq.stats.showingtime.com/infoserv/s-v1/… Image

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More from @Tegoventuri

Jan 15, 2021
The Inventory of Homes For Sale in the #Albuquerque area is the big story this week. "Historically Low Level" is not an understatement, and on top of that, last week we had 92 Single Family homes come on the market and had 195 come off, not what I wanted to see.
We have so many buyers waiting for their next home to be available.
Side note... Someone made a comment on our business page about a potential Housing Bubble. For that to happen, we would need 1,000s of homes coming on the market in a very short period of time, and thats not likely to happen,
Read 5 tweets

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