A BIG JUMP IN HOME SALES IN THE Albuquerque AREA. FOR THE FIRST QUARTER OF 2015, SALES WERE UP 8-PERCENT FROM THE SAME PERIOD A YEAR AGO. THAT’S THE STRONGEST FIRST QUARTER IN EIGHT YEARS. PAUL WILSON IS PRESIDENT OF THE GREATER ALBUQUERQUE ASSOCIATION OF REALTORS. HE SAYS THE MARKET OVERALL SEEMS TO BE CORRECTING ITSELF IN A VERY POSITIVE WAY. HE SAYS THE QUARTERLY NUMBERS ARE ALSO VERY GOOD.
WILSON SAYS THE MEDIAN PRICE OF A HOME WAS UP JUST ABOUT 2-PERCENT IN THE FIRST QUARTER…TO MORE THAN 171-THOUSAND DOLLARS. AND THE TIME IT TAKES TO SELL A HOME FELL FROM 78 DAYS TO 76.
