HOMES ARE SELLING MUCH FASTER IN THE ALBUQUERQUE AREA. KENT CRAVENS, WHO HEADS UP THE GREATER ALBUQUERQUE ASSOCIATION OF REALTORS, SAYS HOMES SOLD IN FEBRUARY HAD BEEN ON THE MARKET AN AVERAGE OF 66 DAYS…A 12 PERCENT IMPROVEMENT FROM A YEAR AGO.
CRAVENS SAYS INVENTORY IS ONLY ABOUT HALF WHAT IT WAS SEVERAL YEARS AGO. MEANWHILE, THE MEDIAN PRICE OF A HOME SOLD IN FEBRUARY WAS MORE THAN 186-THOUSAND DOLLARS…UP SIX AND-A-HALF PERCENT FROM LAST YEAR.
