real estate
City-by-city price guide: Albuquerque
Prices are rising with the temperatures in southwest cities such as Albuquerque, but sales volume and building permits are down. Local Market Monitor says home prices are at fair value -- there's only a 7 percent difference between actual prices and equilibrium.
| | Median price end of 2007: | $195,900 | | Median price end of 2006: | $187,500 | | % change: | + 4.5% | | Projected change through Q3 2008: | + 4.5% | | Affordability rating: | 4.5 | | Foreclosures in 2007:
(1 for every 154 households) | 2,217 | | Foreclosures in 2006:
(1 for every 162 households) | 2,096 | | Change in foreclosures: | + 5.8% |
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| Current rate comparison | Price trends
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