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Albuquerque Real Estate Market Update – March 2016

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Keller Williams Riverside released the March 2016 the Real Estate Market report for Albuquerque. The Albuquerque real estatate had a strong month with a 15% increase in the volume of Pending Listings, Closed Listings, and Closed Sales has been observed in Keller Williams Albuquerque. It seems that the market on Albuquerque Real Estate has been performing great this past year as recorded with a 22.5% growth of Sales volume compared to the same time last year. Even the unemployment rate fell to 5.7% while nonfarm wage growth increased by .7%.1

These factors indicate that the Sales volume will continue to grow in the future. Keller Williams Albuquerque is recorded to have outpaced the market by;

  • 14% on Closed Units,
  • 10% on Closed sales volume,
  • 54% on Listings Taken, and
  • 19% on Contracts Written. 1

Keller Williams Riverside is now performing really well even in slower months like February. But following a strong January sales month, February took twice the listing volume compared to January which is a very good indicator for the following months. These are all thanks to the Keller Williams Albuquerque partners.

Even the absorption rate shows the increase in sales such that even with an increasing listing volume in Albuquerque Real Estate, there is also an increase in sales as observed with the stable 4.8 month supply. There is even a stable low on mortgage rates that is why there can be a maintained high demand for Real Estate.1

Potential buyers can be advised that now is a great time to buy. If you are interested to buy Albuquerque Real Estate, we at the Discover ABQ Homes Team are very much willing to help. Talk to our Albuquerque Real Estate experts Deanna Dopslaf and Eric Dopslaf if you are interested to buy. We at Discover ABQ Homes are well equipped to provide you with your buyer needs.

  1. Keller Williams (2016). ALC Meeting. March 17, 2016