What is the Market Doing in Your Neighborhood?

This week, we attended the Greater Albuquerque Association of Realtors yearly convention. We were pleased to have Dr. Lawrence Yun who happens to be the Chief Economist from Washington D.C. and he went through some great information and statistics. You also may be wondering why we’re behind these microphones. If you weren’t aware, we host a weekly radio show here in Albuquerque on AM 1600 KIVA The Rock of Talk and also 95.9 FM on Saturday mornings at 10am. In our show, we go over market updates and what is going on in residential Albuquerque and thought it would be a treat to record our video blog for you here.

After finishing our show for the week, some statistics that were interesting are that the market prices have stayed flat and Dr. Yun’s overall national statistic is that there has been a 10% national increase in overall sales. Some markets have seen substantial price increases while we’ve only seen 1-2% increases. However, the number of homes sold in our local board has increased by 15%. We have certainly felt this as well; we have been very busy since the summer months and even frantically selling homes through Thanksgiving week.

Thanks and have a great day!