Albuquerque NM Home Inventory

Low Inventory & Tight Lending Keep New Construction At Historic Lows

The 2013 housing market has been characterized by a low inventory environment. However, recent inventory reductions are much less than what was reported earlier this year. December saw a 12.00% loss in inventory from last year, and the months supply increased to 5.9 months. While improving, low months supply remains in some key markets, such as: an Francisco (1.4-months), Denver (2.7-months), Boston (2.9-months), Los Angeles (3.0-months), and San Diego (3.4-months).

Albuquerque NM Home Inventory has been declining towards the end of 2013 but that is in part due to seasonal adjustments in the market. Towards the Spring the Albuquerque NM Home Inventory and available Properties for sale usually increase.