Please click above for the National Market update.

Locally, the Albuquerque area housing market shows continued strength. With only 3,363 detached homes listed last month, the Albuquerque metro housing inventory continues to tighten, down 15.16 percent from May 2015. Absorption rates are down and look to be stable for now. If this trend continues we may start seeing home prices rise.

If you would like to view the local real estate market update please click here: May 2016 Greater Albuquerque Market Update

Feel free to contact me and I can help break down exactly what these numbers mean for our local market and for your neighborhood.

And lastly, If you or anyone you know is thinking of buying or selling a home, please call or email me. I'm here to help!

Peter Veres

Associate Broker, CRS,ABR,CLHMS,SRES

#1 RE/MAX Elite Team Agent - Albuquerque

RE/MAX Elite

Cell: 505-362-2005

Office: 505-798-1000