Albuquerque and Rio Rancho saw a decline in the number of homes for sale for the month of February (14.2% compared to January) and an overall decline from the year before (21.2% from February of 2008).
Also, their was an incline in the percentage of detached homes that closed in February (5.9% increase), in comparison to January.
The median sales price for detached homes is up 5.7% from last month.
This continues to show how Albuquerque is very different from the rest of the United States, homes are increasing in value and homes are selling!
Valerie Almanzar, bilingual has her MBA in Marketing and Operations Management. She works with RE/MAX Finest helping sellers and buyers with all their real estate needs. www.findyourcasa.com
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