Step-by-Step Guide to Buying a Home in New Mexico – Your 2025 Roadmap to Homeownership

Jul 23, 2025 | Albuquerque Real Estate News

Step-by-Step Guide to Buying a Home in New Mexico

Your 2025 Roadmap to Homeownership

Buying a home can feel overwhelming—but it doesn’t have to be. If you’re buying in Albuquerque or anywhere in New Mexico, this guide walks you through the entire process with local insights and key tips at every stage.

Let’s break it down:

🧭 Step 1: Define Your Why and Timeline

Before calling a lender or visiting listings, get clear on your motivations:

Why do you want to buy? (e.g., stability, investment, lifestyle)
When would you like to move?
Who else is involved in the decision?

💡 Tip: If you wouldn’t move forward even if the perfect home appeared tomorrow, you’re not quite ready yet—and that’s okay.

💵 Step 2: Get Pre-Approved by a Lender

This is your financial foundation. Talk to 2–3 lenders and:

Compare loan types: Conventional, FHA, VA, MFA (New Mexico’s first-time buyer program)
Understand rates, fees, down payment options
Get pre-approved—not just pre-qualified

📌 Why it matters: Pre-approval shows sellers you’re serious and ready to move fast.

🧑‍💼 Step 3: Hire a Buyer’s Agent

A licensed REALTOR® will help you:

Navigate the market and neighborhoods
Access listings before they hit the public sites
Write strong offers and negotiate terms
Guide you through inspections, deadlines, and closing

📋 New Requirement: In New Mexico, you must sign a Buyer-Broker Agreement before viewing homes (as of August 2024).

🏡 Step 4: Shop Smarter, Not Harder

Tour homes in person
Compare lifestyle factors like commute, schools, amenities
Make a list of must-haves vs. nice-to-haves

🧠 Remember: You can change finishes, but you can’t change location. Focus on what matters long-term.

✍️ Step 5: Make an Offer

When you find the right home, your agent will help you submit a purchase agreement that includes:

Purchase price
Earnest money deposit
Contingencies (inspection, financing, appraisal)
Timing for closing, possession, and deadlines

🧠 Pro Tip: It’s not just about price—terms, timing, and confidence matter too.

📅 Step 5.5: Know Your Contract & Deadlines

New Mexico contracts include Key Dates that buyers must meet:

📆 Deadline	🔍 What It Means
Earnest Money	Deposit must be delivered quickly—usually within 3 days
Inspection Objection	Last chance to request repairs or cancel over condition
Appraisal Order	Lender must order appraisal on time to close on schedule
Title & Insurance Review	Ensure you have clear title and insurance in place
Loan Objection (if used)	Optional—but protects you if financing falls through

📌 Add these to your calendar. Missing them can cost you your earnest money—or the deal.

🔍 Step 6: Do Your Due Diligence

Schedule a professional inspection
Review findings and negotiate needed repairs
Lender completes appraisal to verify value
Submit any final documentation to your loan officer

🧠 Avoid mistakes: Don’t open new credit cards, switch jobs, or make big purchases until after closing.

📑 Step 7: Final Loan Approval and Prep for Closing

Lock your rate if you haven’t already
Secure homeowners insurance
Review the Closing Disclosure (required 3 days before closing)
Wire your funds to the title company safely (watch for scams)

🔑 Step 8: Closing Day

Sign the final loan and title documents
Transfer ownership at the title company
Receive the keys and officially become a homeowner 🎉

🎯 Final Thoughts

Buying a home in New Mexico doesn’t have to be confusing. With the right guidance and a clear roadmap, you can navigate the process with confidence—and avoid common mistakes along the way.

Want help from a local expert?
📲 Reach out—we’re here to guide you through it all, step by step.

🏡 Albuquerque Property Types Explained

Jul 16, 2025 | Albuquerque Real Estate News

🏡 Albuquerque Property Types Explained

A Local Guide to New Mexico Homes, Real Estate Definitions, and Financing Options

Looking to buy a home in Albuquerque or anywhere in New Mexico? From single-family homes to condos and manufactured housing, the type of property you choose affects everything, from your mortgage options to your maintenance responsibilities and resale value.

In this guide, we’ll break down the most common residential property types in Albuquerque and across New Mexico—using industry-standard definitions from RESO (Real Estate Standards Organization), Fannie Mae, and Freddie Mac, plus insights from local sales data and what buyers are purchasing today.

📊 Albuquerque Real Estate Breakdown (Past 2 Years)

Here’s how residential homes sold across the Albuquerque area and New Mexico between July 2023 and July 2025:

85.5% – 🏡 Single-Family Detached Homes
9% – 🏘️ Single-Family Attached (includes Townhomes and Condos)
- 6% – Townhomes
- 3% – Condominiums
1.2% – 🏠 Residential Multifamily (Duplex, Triplex, Fourplex)
4.4% – 🏕️ Manufactured Homes

Whether you’re searching for a traditional home in the Northeast Heights, a condo in Downtown Albuquerque, or rural land with a manufactured home near Edgewood, knowing these categories helps you compare your options wisely.

🏡 Single-Family Detached Homes (85.5% of sales)

Definition: Freestanding homes that do not share walls. These are the most common homes for sale in Albuquerque and New Mexico suburbs.

Ownership: You own both the home and the land (fee simple).

Financing: Eligible for all types of home loans in New Mexico—Conventional, FHA, VA, and USDA in rural areas.

Great for: Families, privacy seekers, long-term residents, or anyone looking for a full yard and garage space.

🏘️ Single-Family Attached Homes (9% of sales)

Includes both townhomes and condos—popular in walkable Albuquerque neighborhoods and many New Mexico HOA communities.

🏠 Townhomes (6% of sales)

Definition: Homes that share walls but where the owner also owns the land beneath the home.

Ownership: Fee simple ownership with fewer shared responsibilities than condos. May or may not have a Homeowners Association.

Financing: Treated like detached homes; most Albuquerque lenders offer FHA, VA, and Conventional loans for townhomes.

Ideal for: Buyers who want low maintenance with more control than a condo.

🏢 Condominiums (3% of sales)

Definition: Units within a shared building where the homeowner owns the interior only; the HOA owns common areas.

Ownership: Shared common interest with monthly HOA dues. Some HOA fees in Conto complexes can be quite high and may affect your budget.

Financing: Condos must be FHA- or VA-approved in New Mexico to qualify for those loans. Conventional loans (backed by Fannie Mae or Freddie Mac) require a project review. Pro tip: Confirm financing options by individual condo complex, as they can vary.

Best for: First-time buyers, retirees, or anyone looking for low-maintenance or “lock-and-leave” living. Most common in urban areas such as Nob Hill, Uptown, and Downtown Albuquerque.

🏠 Residential Multifamily (2–4 Units)

Definition: These are duplexes, triplexes, and fourplexes—single-parcel properties with multiple self-contained units. You’ll often find them in Central Albuquerque, the South Valley, Nob Hill, or other established neighborhoods throughout New Mexico.

Ownership: All units are owned together as one property (not individually deeded like condos). Ideal for buyers who want to live in one unit and rent the rest.

Financing: 2–4 unit properties are eligible for Conventional residential loans, even for investment use.
They’re also eligible for FHA and VA loans if the buyer lives in one of the units. In many cases, rental income from the other units can be used to help the buyer qualify.

Best for: Buyers looking to “house hack” by offsetting their mortgage with rental income, or small investors starting their real estate portfolio in the Albuquerque market.

🏕️ Manufactured Homes (4.4% of sales)

Definition: Homes built to HUD standards after June 15, 1976, are often found in rural areas around Albuquerque, like the East Mountains, or mobile home parks in Albuquerque.

Ownership: Can be on leased land (in parks) or owned land (titled as real property).

Financing: Qualifies for financing only if permanently affixed and legally classified as real property.

Great for: Affordable housing in rural or edge-of-city locations like Belen, Moriarty, or Rio Communities.

🧭 Why Property Type Matters When Buying in New Mexico

Mortgage approvals vary by property type
HOA fees and rules can affect affordability
Appraisal approaches change by classification
Resale value depends on demand and location
Zoning and insurance are impacted by structure type

Whether you’re considering new construction homes in the Albuquerque area, historic homes in Barelas, or land with a manufactured home in Valencia County, selecting the right property type helps you make smarter real estate decisions.

💬 Final Thoughts

When you’re searching homes for sale in Albuquerque or anywhere across New Mexico, it’s easy to focus on square footage and price, but the type of property matters just as much. Understanding whether a home is a condo, townhome, detached, or manufactured can affect everything from your financing to your future resale strategy.

Still unsure what type of property fits your needs? Let’s talk. Our team and I specialize in helping buyers and sellers make confident, informed real estate decisions in the Albuquerque market and across New Mexico.

How Time on Market Impacts Home Sale Prices: Key Insights for Sellers

Jul 11, 2025 | Albuquerque Real Estate News

The Impact of Days on Market on Home Sale Prices: A Data-Driven Analysis

By Venturi Realty Group

When selling a home, one of the most critical factors influencing the final sale price is the days on market (TOM)—the duration a property remains listed before it sells. A recent discussion between real estate professionals Tracy and Tego Venturi sheds light on this topic, revealing a clear correlation between longer market times and significant price reductions. Backed by data and industry insights, their analysis provides valuable lessons for homeowners and realtors alike. This blog explores the key findings from their discussion and what they mean for sellers in today’s market.

📊 The Data: How Time on Market Affects Sale Prices

Tego Venturi, prompted by a fellow realtor’s inquiry, conducted a deep dive into local market data, focusing on homes sold in the Albuquerque area over the past six months. Using an average sale price of $429,000, the analysis revealed a consistent pattern:

Homes sold within the first 30 days were typically discounted by only 1% off the original list price, achieving 99% of the asking price.
Homes sold between 30 and 60 days saw a steeper discount of 4.75%, marking the largest drop in price reduction within this timeframe.
Homes on the market for 120 days (about four months) experienced an average price reduction of 8.5%, equating to a significant loss in potential profit.

These figures highlight a universal truth in real estate: the longer a home sits on the market, the more likely it is to require substantial price cuts to attract a buyer. Notably, this trend is not exclusive to slower markets but holds true across various market conditions over time.

🔍 Correlation vs. Causation: Why Do Prices Drop?

A key point from the Venturis’ discussion is the distinction between correlation and causation. While time on market is strongly correlated with price reductions, it is not necessarily the cause. Instead, extended TOM is often a symptom of underlying issues, such as:

Overpricing: Homes priced above market value for their condition and location tend to linger, as buyers perceive them as less competitive.
Condition and Location: Properties that require significant repairs or are in less desirable areas may struggle to attract buyers, leading to longer market times.
Ineffective Marketing: Poor-quality photos, limited online visibility, or lack of promotional efforts (like open houses, floor plans, or paid marketing) can reduce a home’s exposure, causing it to sit longer.

Tego emphasized that the first two to three weeks are critical for capturing buyer interest. The National Association of Realtors (NAR) supports this, noting that homes make their strongest impression during this initial period. As Tego put it, “That’s when buyers are seeing the new listings. If you miss that window, activity drops, and you risk having to cut the price later—and buyers notice.” A well-priced home with professional marketing—high-quality photos, virtual tours, and active promotion—can capitalize on this window to secure top-dollar offers.

🚨 The Perception Problem

Extended time on market creates a perception issue among buyers. As Tracy noted, “When a home’s been on for 30 days or more, buyers start to wonder, ‘What’s wrong with it?’ Even if there’s nothing wrong, the time alone creates that doubt.” For example, Tracy recounted a Corrales home listed for 286 days that appeared desirable based on photos and description, but raised red flags due to its prolonged market time. This skepticism can force sellers to lower their price to regain buyer interest.

🛑 The Myth of Waiting for the “Right Buyer”

A common refrain from sellers is, “I’m not in a hurry; I’ll wait for the right buyer at my price.” However, the data debunks this strategy. Tego explained, “Waiting rarely results in getting your price unless it’s an extremely unique property. Most buyers simply won’t pay above market value—and waiting just leads to deeper discounts later.” A Zillow study Tego cited found that homes requiring price cuts were 62% more likely to remain on the market over 60 days, reinforcing the importance of pricing competitively from the start. As Tego summed it up: “It’s not like if you wait long enough, the right buyer magically appears. You’re more likely to just wait a long time and end up taking less.”

✅ Key Takeaways for Sellers

The Venturis’ analysis offers actionable advice for homeowners looking to maximize their sale price:

Price Right from the Start: Work with a realtor to set a competitive list price based on recent comparable sales, considering your home’s condition and location. Overpricing often leads to missed opportunities and lower net proceeds.
Invest in Marketing: High-quality photos, virtual tours, floor plans, and active promotion (like open houses and paid ads) are essential to attract buyers early.
Act Quickly on Adjustments: If your home isn’t generating interest within the first 30 days, consider a price reduction or marketing overhaul to avoid falling into the “stale listing” category.
Understand Market Dynamics: While markets like 2021 saw homes sell in days, today requires more patience and strategy. The principle of pricing correctly from day one remains timeless.

📌 Conclusion

The relationship between time on market and home sale prices is clear: the longer a home sits, the more likely it is to sell at a discount. By pricing strategically, investing in robust marketing, and addressing issues early, sellers can avoid the pitfalls of extended market time and maximize their return. As Tego and Tracy Venturi’s analysis shows, the data doesn’t lie—getting it right from the start is the key to a successful home sale.

📞 Have Questions About Selling?

Venturi Realty Group can help you price, prepare, and market your home to sell quickly—and for more money.

✅ Local Albuquerque expertise on pricing & trends
📊 Comparative market analysis to set the right price
🎯 Marketing strategies to reduce days on market

Visit WelcomeHomeABQ.com or call 505-448-8888 to get started.

Albuquerque Real Estate Talk 542: Mid-July 2025 Insights from Top Albuquerque Realtors

Jul 10, 2025 | Albuquerque Real Estate News

Albuquerque Real Estate Talk 542: Mid-July 2025 Insights from Top Albuquerque Realtors

Welcome to the latest blog post from Welcome Home ABQ, your trusted source for all things Albuquerque real estate. As leading Albuquerque realtors with over a decade of experience, Tracy and Tego Venturi from the Venturi Team are here to keep you informed on the Albuquerque real estate market. In our recent podcast episode (Albuquerque Real Estate Talk, Episode 542, aired July 10, 2025), we dove into current market trends, affordability comparisons, selling strategies, and more. Whether you’re a buyer, seller, or just curious about the Albuquerque real estate scene, this summary has you covered. Let’s break it down!

If you’re ready to discuss your real estate needs in the Albuquerque area, give us a call at 505-448-8888 or visit welcomehomeabq.com to get started.

Affordability in Albuquerque Real Estate: Why We’re Luckier Than You Think

We kicked off the podcast with a fun detour to our recent trip to Nashville over the 4th of July weekend. While enjoying the celebrations (and checking out the local scene), we couldn’t resist pulling up real estate apps to compare prices. What did we find? Homes in Nashville and surrounding areas like Franklin, Tennessee, are significantly more expensive than in the Albuquerque real estate market.

This highlights a key point we’ve been emphasizing: While affordability challenges exist nationwide, Albuquerque real estate remains a bright spot, especially when compared to areas with moderate climates. New Mexico’s housing prices are still more accessible. As Albuquerque realtors, we often connect clients with top agents in other markets, shoutout to our friend and Realtor Tiffany Fykes in Nashville for her expertise!

June 2025 Albuquerque Real Estate Market Data: Steady Sales and Rising Inventory

Diving into the numbers, the Albuquerque real estate market showed stability in June 2025. Closed sales were nearly identical to the previous year, with about 2,671 homes sold in the second quarter, right on par with 2024. The biggest growth? In the $400,000 to $600,000 price range, driven by available inventory shifting upward.

Inventory is up 25% year-over-year, providing more options for buyers in the Albuquerque real estate market. However, we’re still about 20% below 2019 pre-pandemic levels, making New Mexico the only Southwest state in this position (compared to Arizona, Texas, Colorado, Utah, and Nevada). This shortage keeps things competitive but balanced.

Price appreciation? We’re seeing a steady 2-3% increase year-over-year, ahead of national averages. Freddie Mac data confirms a 3.4% rise for May 2025 closings. For a deeper dive, check out Tego’s video analysis on our YouTube channel or the blog section of welcomehomeabq.com. As Albuquerque realtors, we track these trends daily to help you make informed decisions.

On-the-Ground Trends: Foot Traffic Up and Positive Outlook for Albuquerque Real Estate

What’s happening right now in the Albuquerque real estate market? Foot traffic—the number of showings—has picked up over the last three weeks after a dip in early May. Open houses have been bustling, with high attendance across price points from $400,000 to over $1 million. Credit goes to our targeted marketing strategies, including paid ads, floor plans, and virtual tours.

Forward-looking data on pending sales indicate continued price appreciation ahead of last year’s levels. If you’re buying or selling in Albuquerque, now’s a great time—the market is active but not overheated. Tracy’s recent client meetings confirm: Buyers are out there, and sellers are seeing strong interest when priced right.

Featured Home of the Week: Stunning Corrales Property in the Albuquerque Real Estate Market

One highlight from the podcast is our Featured Home of the Week: 1524 West Meadowlark Lane in Corrales, listed at $1,075,000. This exceptional 1.39-acre gated property is just minutes from amenities and stores like Costco and Cottonwood Mall, blending rural charm with urban convenience.

Key features include:

An original Adobe main home with four bedrooms, three fireplaces, and two owner suites (one added with a fireplace).
A separate guest house with a large portal.
Resort-style outdoor living: Swimming pool with hot tub, grassy area, outdoor fireplace, fire pit, and spectacular views of downtown, mountains, and the valley.

Don’t miss the open house this Saturday, July 12th, from 11 AM to 1 PM! For more information or to schedule a private tour of this gem in Corrales, please call us at 505-448-8888. Properties like this don’t last long in Corrales.

Should You Sell or Buy First in the Albuquerque Real Estate Market?

A common dilemma for homeowners: Sell first or buy first? As experienced Albuquerque realtors, we break down the pros and cons:

When to Sell First:

Avoid carrying two mortgages.
Use sale proceeds for your next down payment.
Ideal if homes in your area take longer to sell or if you’re relocating for work/school.

Downsides? You might need temporary housing (e.g., family, VRBO, or short-term rentals) and could face the stress of moving twice.

When to Buy First:

Skip contingencies and avoid interim housing stress.
Great if you have cash for a down payment, qualify for a bridge loan, or homes sell quickly in your target area.
Perfect for those who need to secure their next home before listing.

Bridge loans are a game-changer here, allowing you to buy without selling first. We’ve helped countless clients navigate this in the Albuquerque real estate market—military PCS moves included. If you’re unsure, let’s chat: 505-448-8888.

The Impact of Days on Market: Key Data for Albuquerque Real Estate Sellers

Tego’s in-depth analysis of days on market (DOM) versus sale price is eye-opening. Analyzing six months of Albuquerque real estate data, we found a clear correlation: Longer DOM means bigger price reductions.

Homes selling in 0-30 days: Average 1% off original list price (about 99% of asking).
30-60 days: Drops to nearly 5% off.
Up to 120 days: Almost 9% off, equating to ~$38,000 on a $429,000 average home.

This isn’t just a current trend—it’s timeless in real estate. Overpricing leads to stagnation, and buyers often wonder, “What’s wrong with it?” The sweet spot? The first 2-3 weeks on the market. Proper pricing, professional photos, floor plans, and aggressive marketing (like ours) maximize your net proceeds.

There’s a clear correlation between days on the market and the amount of discount a home ends up taking. But… correlation doesn’t always mean causation. Homes may take longer to sell because they were overpriced (of course), poorly marketed, had condition issues, or all three. Time on market is often a symptom, not the cause of a lower sale price.

That said, the longer a home sits on the market, the more leverage shifts to the buyer.

Zillow and academic studies back this: Overpriced homes often net less overall. As Albuquerque realtors, we advise: Price right from day one or adjust early. Waiting for “the right buyer” rarely works—except for ultra-unique properties.

Exciting News for Buyers: Rent Payments Now Count Toward Credit in Albuquerque Real Estate

A big update from FHFA (overseeing Fannie Mae and Freddie Mac): Rent payments can now factor into credit scoring for mortgages. This helps “thin file” applicants who’ve paid rent on time but lack traditional credit. Details are emerging, but it’s great news for aspiring homeowners in the Albuquerque real estate market. Stay tuned—we’ll keep you updated!

Ready to Navigate the Albuquerque Real Estate Market? Contact Us Today

The Albuquerque real estate market is healthy, more affordable than other markets, and full of opportunities. Whether you’re eyeing that Corrales stunner, debating sell vs. buy, or need market insights, Tracy and Tego Venturi are your go-to Albuquerque realtors.

Call 505-448-8888, email us via welcomehomeabq.com, or subscribe to our YouTube and podcast for weekly updates. Let’s make your Albuquerque real estate dreams a reality—thanks for reading!

Albuquerque Housing Market Update and Forecast: Q2 2025

Jul 7, 2025 | Albuquerque Real Estate News

Albuquerque Housing Market Update and Forecast: Q2 2025

Welcome to the mid-2025 Albuquerque Housing Market Update! As we dive into the latest real estate trends for Albuquerque, New Mexico, we’ll explore key data points from the second quarter of 2025, compare them to last year, and provide insights into what’s ahead for homebuyers and sellers. Let’s break down the numbers and see what they mean for you.

Closed Sales: A Steady Market with Notable Activity

In Q2 2025, Albuquerque saw 2,671 homes sold and closed over the past 90 days. That’s roughly 30 homes per day, or about 60 families making a move daily—either buying or selling. Despite chatter about a “slow” market, this level of activity shows a steady real estate market.

Breaking it down by price range compared to Q2 2024:

$300,000 and below: A 7% decrease in closed sales, largely due to fewer homes available in this price range as values rise.
$300,000–$400,000: Sales remained steady with last year, showing stability in this mid-range segment.
$400,000–$600,000: A 6% increase in closed sales, indicating a shift in the number of homes in this price bracket.
$600,000 and above: The luxury market saw a 3% increase, reflecting steady interest in high-end properties.

Overall, the market is holding steady, with growth in higher price ranges signaling a shift in available inventory.

Inventory: More Choices, But Still Below Pre-Pandemic Levels

The average number of homes for sale in the Albuquerque Area in Q2 2025 was 2,094, a 26% increase from Q2 2024. This growth means more options for buyers compared to recent years. However, for context, in 2019, there were approximately 2,700 homes on the market during the same period. While inventory is improving, we’re still below those pre-pandemic levels, particularly in the $300,000 and below segment, where supply has decreased due to rising home prices.

Pending Sales: A Slight Uptick in Activity

Pending sales—homes going under contract—reached 2,753 in Q2 2025, a slight increase from just under 2,686 in Q2 2024. This modest uptick suggests steady buyer demand, similar to that seen in 2023 and 2024.

Days on Market: How Long Does It Take to Sell?

The average days on market (from listing to contract) for homes that closed in Q2 2025 was 35 days, a 25% increase from Q2 2024. Notably:

Homes priced $300,000 and below took longer, with an 88% increase in days on market. This may be due to condition issues, as many lower-priced homes may not be move-in ready.
The median days on market was 14 days, meaning half of all homes went under contract within two weeks, while the other half took longer.

This split highlights a competitive market for well-maintained homes, while others may need updates to attract buyers quickly.

Home Prices: Moderate Appreciation Continues

In Q2 2025, the average home price in Albuquerque was $417,647, with a median price of $359,995. Compared to Q2 2024, this represents a 3% increase in the average price and a 2% increase in the median price.

Breaking it down by price per square foot:

$300,000 and below: Stable at $202/sq ft, even with last year.
$300,000–$400,000: A 1.5% increase in price per square foot.
$400,000–$600,000: A 3% increase.
$600,000 and above: A 3.5% increase.

Overall, the average price per square foot rose to $214, a 2.4% increase from Q2 2024. According to Freddie Mac’s May 2025 data, Albuquerque’s home price appreciation was 3.4%, outpacing the national average of 2.2%. This moderate growth positions Albuquerque as a strong performer compared to many markets nationwide.

Delinquencies: A Healthy Market

Nationally, the mortgage delinquency rate in Q2 2025 is 3.2%, below the historical norm of 4% (2000–2004). In New Mexico, the rate is even lower at 2.8%, with total distressed properties (including foreclosures) at 3.3%, compared to the national average of 3.6%. This suggests a stable market with fewer distressed homeowners, reducing the likelihood of forced sales impacting prices.

Looking Ahead: A One-Year Forecast

Zillow’s one-year forecast ranks Albuquerque as the #3 metropolitan market among the top 100 in the U.S., projecting a 1.6% year-over-year price appreciation by mid-2026. While the country as a whole may see a slight 0.5% decrease in home values, Albuquerque’s outlook remains positive, driven by consistent demand and limited inventory.

The market is showing signs of steady price appreciation through the summer, with pending sales data indicating a 2–3% increase in price per square foot ($217 vs. $210 last year) for homes currently under contract.

What This Means for You

Whether you’re buying or selling, Albuquerque’s housing market in Q2 2025 offers opportunities:

Buyers: Increased inventory means more choices, but act quickly on move-in-ready homes, especially in the $300,000–$400,000 range, where demand is strongest.
Sellers: Well-maintained homes are selling fast, often within two weeks. Pricing competitively and ensuring your home is in top condition can lead to a quick sale.

For a deeper dive into these trends, visit our Monthly Market Data page at WelcomeHomeABQ.com. Have questions about buying or selling in Albuquerque? Contact the Venturi Group at 505-448-8888. We’re here to help you navigate the market with confidence.

Stay tuned for our next update, and happy home hunting!