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Albuquerque Market Report Apr-23
Source: Greater Albuquerque Association of REALTORS® (GAAR)
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Greater Albuquerque Association of REALTORS® (GAAR)
reports median single-family home price up 5.7% in Apr-23 over Mar-23, sales fall to 665.
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Apr-23 Quick Facts:
- The median price of existing single-family homes increased to $345,000 up 5.7% vs Mar-23.
- Existing single-family home sales decreased -9.2% from Mar-23 for a Apr-23 total of 665 sold units.
- Condos increased in price to $269,628 up 3.7% vs Mar-23.
- Existing condo sales decreased -18.8% in Apr-23 over Mar-23 for a total of 56 sold units.
Single Family Median Home Price
Apr-22 vs Apr-23
| Clarus MarketMetrics® |
5/31/2023 |
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The Number of Sold Properties by Month
Apr-22 vs Apr-23
| Clarus MarketMetrics® |
5/31/2023 |
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Apr-23 Greater Albuquerque Association of REALTORS® (GAAR) Regional Sales and Price Activity
| Greater Albuquerque Association of REALTORS® (GAAR) |
Median Price |
Percent Change in Price from Prior Month |
Percent Change in Price from Prior Year |
Total # Units |
Percent Change in Sales from Prior Month |
Percent Change in Sales from Prior Year |
| |
Apr-23 |
Mar-23 |
Apr-22 |
Apr-23 |
Mar-23 |
Apr-22 |
| MLS Wide |
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| SWMLS (Single Family) |
$345,000 |
5.7% |
4.2% |
665 |
-9.2% |
-29.9% |
| SWMLS (Condo) |
$269,628 |
3.7% |
4.3% |
56 |
-18.8% |
-6.7% |
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| SWMLS Region Cities |
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| Single Family Only |
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| Albuquerque |
$350,000 |
9.0% |
5.3% |
422 |
-11.7% |
-31.9% |
| Belen |
$210,000 |
-26.3% |
-30.0% |
7 |
0.0% |
-12.5% |
| Bernalillo |
$345,000 |
-1.4% |
-10.4% |
5 |
-16.7% |
0.0% |
| Corrales |
$682,000 |
-37.6% |
-9.7% |
6 |
-25.0% |
-14.3% |
| Edgewood |
$350,000 |
-8.7% |
-0.7% |
14 |
55.6% |
0.0% |
| Los Lunas |
$309,000 |
-0.6% |
15.5% |
37 |
-19.6% |
-15.9% |
| Placitas |
$630,000 |
38.2% |
-13.5% |
7 |
0.0% |
0.0% |
| Rio Rancho |
$350,000 |
3.4% |
6.5% |
107 |
-10.1% |
-34.8% |
| Sandia Park |
$399,900 |
-38.0% |
5.2% |
5 |
-28.6% |
-16.7% |
| Tijeras |
$426,500 |
5.3% |
18.2% |
7 |
40.0% |
-50.0% |
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Single Family = Detached
Condo = Attached
Reports generated from Clarus MarketMetrics®
Contact your real estate professional for additional local market trends in your neighborhood. Reports were generated from ClarusMarketMetrics®, available as a subscription service and powered by Terradatum, creators of BrokerMetrics® To register for a free trial account, visit ClarusMarketMetrics®
Data for this report furnished by Greater Albuquerque Association of REALTORS®. More information is available at Greater Albuquerque Association of REALTORS®
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