ALBUQUERQUE, N.M. — Albuquerque home prices dipped slightly last month, but still maintained their torrid rate of growth over the past year.
The median sale price in July for single-family detached homes dropped from $235,000 in June, a 10-year high, to $232,000, according to the Greater Albuquerque Association of Realtors’ market statistics.
However, the July median home price still represents an increase of more than 10 percent over last July, according to the association. The median sale price for single-family attached homes continued to grow last month, reaching $168,450, an increase of nearly 19 percent over last July.
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