Home Sales In Albuquerque finished on a 2 year high. Pending sales have not been as high in the previous 2 years. In August 2009 sales were up 36% on August 2008 figures. ( according to GAAR )Pending sales were 986 for Aug 2009. The chairman Don Padilla says " The market is definitely a buyer's market and it looks like we've hit bottom pricing wise." ( source Abq Journal ). The median home sale price in Aug 09 was $186,000. July 2009 there were only 4 homes priced over $1 million that sold. Closed sales for August were down 135 compared to July's 735. Approximately 30% of homes sold so far this year house been sold to first time home buyers, probably making the most of the $8000 tax credit that is on offer until 30th November 09. No news yet on the possible extension, but when we find out you will know. We shall post an update on the $8000 tax credit whatever the outcome is, whether it is being extended or not. The average home, that is for sale is taking about 80 days to find a buyer.