HOME PRICES ARE ON THE RISE IN THE ALBUQUERQUE METRO. THE ALBUQUERQUE JOURNAL REPORTS THERE WAS RISING DEMAND AND A DWINDLING SUPPLY OF HOMES IN THE SECOND QUARTER OF THIS YEAR. AND THE GREATER ALBUQUERQUE ASSOCIATION OF REALTORS SAYS THAT FROM APRIL THROUGH JUNE, THEY HAD THE LOWEST INVENTORY SINCE 2007.
THE MEDIAN PRICE FOR A DETACHED, EXISTING SINGLE FAMILY HOME WAS 184 THOUSAND DOLLARS … A NEARLY 4 PERCENT INCREASE OVER THE SECOND QUARTER OF LAST YEAR WHEN THE MEDIAN PRICE WAS 177-THOUSAND.
