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Albuquerque Real Estate in July: Sales Down 11% YoY, Inventory Down 40% YoY


by Calculated Risk on 8/15/2021 09:45:00 AM

I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.

From the Greater Albuquerque Association of REALTORS(R):

Closed sales (attached and detached) in July 2021 were 1,443, down 10.6% from 1,614 in July 2020.

Active Listings in July 2021 were 1,062, down 40.1% from 1,772 in July 2020.

Months of Supply (detached) was 0.8 Months in July 2021, compared to 1.5 Months in July 2020.

Inventory in July was down 4.5% from the previous month, and up 13.6% from the record low in March 2021.

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