PENDING HOME SALES IN ALBUQUERQUE ARE AT A 14 YEAR HIGH AT A-THOUSAND-331 FOR APRIL. THAT’S A 23-POINT-2 PERCENT INCREASE OVER THE SAME MONTH LAST YEAR. INVENTORY FOR HOMES IN THE DUKE CITY IS STILL LOW … AND THE GREATER ALBUQUERQUE ASSOCIATION OF REALTORS SAYS THAT’S WITH YET ANOTHER SURGE IN HOMES GOING UNDER CONTRACT LAST MONTH.
PENDING SALES ON CONDOS AND TOWNHOMES WERE UP 36-POINT-3 PERCENT IN APRIL AT 139 UNITS.
AS FOR HOME PRICES: THEY’RE ALSO UP. THE MEDIAN PRICE IS NOW 194-THOUSAND-500 DOLLARS … A 5-POINT-1 PERCENT INCREASE OVER APRIL 2016.
