Although the real estate market in Albuquerque has experienced housing price declines since the begining of 2008, in addition to job growth stagnation, leading financial publiction Forbes.com predicts that housing prices will appreciate and job growth will rise in the near future.  Housing starts are expected to grow here by 26.6 percent in 2009, according to the National Association of Home Builders.

According to the Albuquerque Metropolitan Board of REALTORS Southwest Multiple Listing Service, detached home sales in October 2009 rose 10.59% compared to September 2009, and jumped a substantial 43.05% compared to a year ago in 2008.  Since 2007, home sales were the third highest in the Albuquerque area during the month of October 2009.  The First Time Home Buyer Tax Credit can be attributed to fueling this increase in home sales.   

Real Estate Market Statistics for Single-Family Detached Homes 2008 3rd QTR 

Area	Sales	Average sale price	Median price
10- Sandia Heights		$	$
20- North Albuquerque Acres		$	$
21- Albuq. Acres West		$	$
30- Far NE Heights		$	$
31- Foothills North		$	$
32- Academy West		$	$
40- Near NE Heights		$	$
41- Uptown		$	$
42- UNM South		$	$
50- NE Heights		$	$
51- Foothills South		$	$
60- Four Hills		$	$
70- SE Heights		$	$
80- Downtown		$	$
90- Southwest		$	$
91- Valley Farms		$	$
92- Southwest Heights		$	$
93- Pajarito		$	$
100- North Valley		$	$
101- Near North Valley		$	$
102- Far North Valley		$	$
103- West River Valley		$	$
110- Northwest Heights		$	$
111- Ladera Heights		$	$
112- Canoncito		$	$
120- Paradise West		$	$
121- Paradise East		$	$
130 - Corrales		$	$

For more detailed real estate market statistics for the Albuquerque, Corrales, Placitas, East Mountains, and Rio Rancho areas, contact us.  If you would like to know what your home is worth, call us or click here to request a Free CMA (Comparative Market Analysis).  If you are in the market to purchase a home, use our Advanced MLS Home Search Tool.  And if you cannot find what you are looking for, don't hestitate to contact us...real estate is what we do for a living.