Single family detached home sales for the month or April improved 20.7% over the year prior leading to the highest April sales since 2007! Last month also saw the most homes put into pending since May 2006 rising 23.6% from April 2012.
April brought a %14.38% increase from the year prior in new listings entering the market, leading to the highest such number since June of 2010. All this positive movement will bring an obvious downside with it in the form of more competition on the market, driving prices down 6.3% from April 2012.
“The April sales numbers are a good start to the summer months which have traditionally been the highest sales months of the year,” said Julie Greenwood, 2013 President of the Greater Albuquerque Association of REALTORS®. “Affordability has never been better, with nearly 80% of homes selling for $249,000 and under” she added.
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