And like most areas, the prices are still hovering in the low range. I did read that California prices are starting to come up which shows that the higher end houses are starting to sell so is pushing the average up. Here in ABQ, I personally am seeing many more buyers and have 6 closings this month including one half a million dollar home. It had been on the market for 18 months. The buyers seem to be young working couples looking forward to building a home and a family. They have good credit scores and good incomes from two salaries. I do think we have hit bottom in the housing market.
A great time to buy if you are commuting to and from ABQ. Make the move; you will love it here.
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