Albuquerque Real Estate Market Presents Great Opportunities for Buyers and Sellers

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Each year, throughout the year we visit various conventions and events where we are given the opportunity to meet with our peers from others markets throughout the country. We compare notes, share what works for each of us, learn how to provide the best client experiences and we continuously improve as a result of these events.

Much of the US Market Experiencing Inventory Shortages
With these conventions also comes an in-depth look into how other real estate markets are performing and the insight greatly helps many of us to project what we can expect moving forward. Right now, the local Albuquerque real estate market is lagging about a year behind many other pockets throughout the US.  Low inventory and housing shortages have got buyers pulling out all stops to get the homes of their choice.

Interest Rates Continue to Hover at Low Rates; Home Prices Reasonable
But even then, low interest rates and reasonable home prices offer good opportunities for buyers with the added bonus of a fairly good selection of homes to choose from. Sellers on the other hand are able to get top dollar on their homes when priced right, in good condition and in great locations.

More Buyer Demand Expected Moving Forward
As we look ahead, the Albuquerque market can expect to follow in the footsteps of its neighbors and other areas in the country that are experiencing shortages of inventory, resulting in multiple offers, bidding wars and achieving at or above selling price. We will continue to see increased demand as buyers are eager to lock in the low interest rates that still hover at all time lows.

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If you’ve been on the fence about buying, selling or investing in a property – now is a great time to jump off and consider taking it on. And when you do make the decision to take the plunge – we’ll be right here to assist you with your real estate goals. Contact us today!