Reporter-Albuquerque Business First


Sales of Albuquerque-area homes in December 2012 increased more than 16 percent over December 2011 and 10 percent from November 2012.

The report from the Greater Albuquerque Association of Realtors released Jan. 10 reported 607 closed sales for December.

Each month in 2012 showed increases over the same month the previous year, and December marked the 18th consecutive month with year-over-year increases in closed sales of single-family detached homes.

The price of homes sold also improved, according to the data. The median sale price was $169,500, almost 6 percent higher than 2011. The average sale price of $211,191 was a 7.83 percent increase from 2011. Home inventory at the end of 2012 was the lowest since June 2006 at 3,587.