Lopez mentioned this time final 12 months, there have been over a thousand. He mentioned houses proceed to go underneath contract in a short time.
“They’re coming in, simply promoting in 5 days on common,” mentioned Lopez.
In response to a brand new Nationwide Housing Report, Albuquerque was on development with different main cities.
Median bought costs have gone up:
- Jan. 2021 – $250,000
- Jan. 2022 – $296,750
Provide can also be low, the Duke Metropolis is likely one of the prime 5 markets with a giant year-over-year lower.
Months Provide Stock:
- Jan. 2021 – 3.2 months
- Jan. 2022 – .6 months
Lopez mentioned this development is anticipated to proceed, maybe over the following few years, in Albuquerque.
“No matter house you purchase in the present day, goes to be much more costly subsequent 12 months. In two totally different dynamics. One, costs are going to be larger. Two, rates of interest are going to be larger.”
He mentioned there are homes on the market and new ones listed each day and other people on the hunt simply must be affected person and hold bringing their greatest presents.
