Albuq-Rio Rancho

 Market Statistics

 

August numbers are in and a lot of activity occurred in the last week of the month.  New listings jumped nearly 300 units to pull within 2% of Julys numbers at 1280. Still down nearly 14% from 2010, but respectable, all the same. 

Pending sales, (sold but not closed), made a strong run at the end of the month posting 878. Up from July by nearly 7% and up 14% from the same month last year. 

Closings, which are the real bell weather indicator of how the market is doing held steady in the middle 600’s at 646, up 21 units from last month and showing a whopping increase over 2010 of 135 units or a 26% increase.

Early September activity is slow, but always is during the 1st week of the state fair, however, Augusts positive late showing should indicate a good fall sales season which begins the week after the children return to school.Despite all the national doom & gloom, the Albuquerque Metro market continues to stay steady.