Albuquerque closed sales of existing homes fell in May by 13.54%. The top selling price range for Albuquerque in May was $140,000 - $160,000.
The supply of unsold inventory rose to 9.74 months from April’s 8.89 supply. A low number means the supply of homes on the market is shrinking relative to the monthly sold. A 6 month supply or lower means it’s a seller’s market, above that is a buyer’s market.

The median sales price for May was $165,000 a decrease of 5.71% over May last year. And the average sales price was $198,091 is a 5.85% decrease from May last year. Time on market was also on the rise from May last year to 84 days from 66 days, a 27.27% increase

Complete market statistics for the month of May 2011
http://www.gaar.com/images/uploads/statistics/May2011_GreenSheet.pdf
With real estate in the news practically every day, one of the things that people want to know is exactly how that translates in their neighborhood. Market Snapshot is a graphical on-line report using web 2.0 technologies that provides valuable and timely data from the Albuquerque MLS. Homeowners can gauge how the market is trending in their neighborhood by finding out which homes have sold recently, how much they sold for, how fast they sold and map their locations. You can also see all the properties that are currently listed.
For home buyers, the Albuquerque MLS Market Snapshot can provide information on areas surrounding potential homes including schools, restaurants, government services and community information.
This is the tool that savvy Internet buyers and sellers demand.
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