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Low inventory fueling ABQ home prices

For the month of November, 896 homes sold in Albuquerque, a 7.3 percent gain from the previous year. Inventory of homes for sale dropped 15.5 percent, with a 2.8-month supply of homes.

The median sale price for a single-family detached home was $207,000, a 3.6 percent increase from the previous year. The average sale price was…

Source: The Business Journal

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