ALBUQUERQUE, N.M. — The median sales price for homes sold in the Albuquerque metro area reached $199,000 last month, as sales activity heated up and inventory remained low.
The number of homes sold continued to climb, according to data provided by the Greater Albuquerque Association of Realtors. The median price for June was 4.3 percent higher than June 2015, according to the association. A total of 1,076 homes closed in June, up 9.3 percent from last year.
Also, there were 1,173 pending sales, a drop of 1.2 percent from 2015.
The average sales price stood at $235,110, up nearly 4 percent from last year.
The data cover the city of Albuquerque and Bernalillo, Valencia, Sandoval, Torrance and parts of Socorro and Santa Fe counties.
The association said houses sat on the market for an average of 45 days in June before selling, a decrease from 56 days in June 2015.