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How strong is Albuquerque's real estate market?

The average home sale price hit $251,895 in August, a 6.11 percent increase from August 2017 and a historic record, according to the Greater Albuquerque Association of Realtors. Pending sales for single-family homes jumped 22.4 percent from the same time last year.

Fueling the rising sale prices is the lack of inventory. New listings coming on the market decreased by 4.1 percent…

Source: The Business Journal

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