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Albuquerque Real Estate Report for October 2012
It was good month for Albuquerque real estate sales, at least in terms of total sales, rebalancing of inventory and market time for the properties that sold.
 
Albuquerque Real Estate Sales in October Please take a second to look at the key below. Light green bars are the active listings and represent the homes that were for sale, the dark green bars are the homes that closed, and the number indicated by the triangles are the homes that were in pending status during October that had not closed.

Year Over Year Stats
Let's look first at the year over year numbers, meaning let's compare October 2012 with October 2011.
It's important to look at year over year stats because the Albuquerque real estate market is cyclical in nature. Home sales almost always follow the same pattern over the course of a year. They start off slow, then they build up momentum as the summer approaches, peaking in the  summer, then declining as we approach the Holidays. Comparing sales from one month to the next reflects this trend and can lead to false conclusions. 
Here is a quick summary of the year over year stats:
Active listings were down from ... more

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