Great News – Inventory Shrinks Again in December

Great News – Inventory Shrinks Again in December

It’s becoming a recurring theme, the number of homes for sale in the Albuquerque metro area has dropped again. This time the drop was 5.11%.

In December 2012, there were 3,587 homes for sale in the market. In December 2011, the number was 3,780. This is good news for everyone. As the inventory shrinks, values go up and the Average Days on Market (DOM) goes down – meaning homes are selling faster and for more money. All of this drives activity and creates a stronger real estate market.

If you are curious about the current value of your home, call me at 505-328-2530 or email me and we can do a market analysis. No charge and no obligation, just good information!