Monthly Market Report
Albuquerque Monthly Housing Market Report
Monthly Southwest MLS market outcomes for detached residential homes in the Greater Albuquerque area, accessed through Domus Analytics, including closed sales, median sale price, inventory, affordability, concessions, days on market, and longer historical context.
June 2026
Market Pulse
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June 2026
Latest Monthly MLS Metrics
| Metric | Value | Definition |
|---|---|---|
| Absorption Rate | 48.1% YoY +15.2% +6.3 pts | The dashboard absorption rate for the selected market and period. |
| Active Inventory | 1,847 YoY -9.2% -187 | The number of detached residential listings active at the end of the monthly period. |
| Closed Sales | 888 YoY +4.6% +39 | The number of detached residential listings that closed during the monthly period. |
| New Listings | 1,092 YoY -5.7% -66 | The number of detached residential listings newly listed during the monthly period. |
| New Pending Sales | 896 YoY +12.1% +97 | The number of listings newly placed under contract during the monthly period. |
| Pending Fallout Rate | 20.3% YoY +2.2% +0.4 pts | The pending fallout rate in the dashboard metric context. |
| Pending Fallouts | 233 YoY +5.9% +13 | The number of pending fallouts in the dashboard metric context. |
| Pending Inventory | 1,149 YoY +3.6% +40 | The number of detached residential listings in pending status at the end of the monthly period. |
| Supply of Inventory | 2.08 YoY -13.2% -0.3 | The estimated months of supply based on current inventory and sales pace. |
| Unsold Listings | 226 YoY +9.2% +19 | The number of unsold listings in the dashboard metric context. |
| Home Affordability Index | 78.5 YoY -0.6% -1 | Domus home affordability index for the selected market and period. |
| Mortgage Payment (est. PITI) | $2,817 YoY +1.4% +$39 | Estimated principal, interest, taxes, and insurance payment for the median-priced closed sale. |
| Concession Amount | $5,000 YoY 0.0% $0 | The median concession amount among closed sales. |
| Days in Escrow | 35.0 YoY +2.9% +1 | The median number of days between contract and closing. |
| Days on Market | 11.0 YoY -15.4% -2 | The median days on market for detached residential listings that closed during the monthly period. |
| Days to Contract | 21.0 YoY +23.5% +4 | The median number of days from listing to contract. |
| List to Close Days | 56.0 YoY +1.8% +1 | The median number of days from listing to closing. |
| Average Sales Price | $468,467 YoY +7.5% +$32,659 | The average closed sale price for detached residential listings that closed during the monthly period. |
| Median List Price | $439,000 YoY +0.4% +$1,755 | The median active list price at the end of the monthly period. |
| Median Original List Price | $405,000 YoY +1.3% +$5,100 | The median original list price for the selected on-market metric context. |
| Median Sales Price | $387,250 YoY +4.5% +$16,660 | The median closed sale price for detached residential listings that closed during the monthly period. |
| Price Changes | 893 YoY -8.4% -82 | The number of listings with price changes in the dashboard metric context. |
| Sold Price per Acre | $2,200,000 YoY -0.6% -$13,477 | The median closed sale price per acre for detached residential listings that closed during the monthly period. |
| Sold Price per SqFt | $221 YoY +2.8% +$6 | The median closed sale price per square foot for detached residential listings that closed during the monthly period. |
| Median Living Area | 1,973.0 YoY -1.4% -27 | The median living area for closed detached residential listings. |
| Sold Dollar Volume | $415,998,864 YoY +12.4% +$45,997,897 | The total closed sale dollar volume for detached residential listings that closed during the monthly period. |
Albuquerque Metro Monthly Market Q&A
Top Albuquerque Monthly Housing Market Questions
Plain-English answers generated from the latest monthly detached residential MLS outcome dataset. Weekly active and pending signals are handled separately on the Altos weekly trends page.
For buyers and sellers
Are Albuquerque home prices going up or down?
Albuquerque metro detached residential home prices are rising based on the latest monthly market data. The median sales price is $387,250, up 4.5% year over year. The sold price per square foot is $221, up 2.8% year over year. Sale price, price per square foot, and home-size mix can move differently, so it is useful to read them together.
Monthly data used
- Median Sales Price: $387,250, up 4.5% year over year, +$16,660 absolute YoY change
- Average Sales Price: $468,467, up 7.5% year over year, +$32,659 absolute YoY change
- Sold Price per SqFt: $221, up 2.8% year over year, +$6 absolute YoY change
- Median List Price: $439,000, up 0.4% year over year, +$1,755 absolute YoY change
- Median Original List Price: $405,000, up 1.3% year over year, +$5,100 absolute YoY change
- Sold Dollar Volume: $415,998,864, up 12.4% year over year, +$45,997,897 absolute YoY change
- Closed Sales: 888, up 4.6% year over year, +39 absolute YoY change
- Median Living Area: 1,973, down 1.4% year over year, -27 absolute YoY change
For buyers
Buyers should not assume every listing is moving the same way. Compare individual homes against recent closed sales, price reductions, concessions, and price per square foot.
For sellers
Sellers still need to price against current comparable sales. A higher median sale price does not automatically mean every home can push above recent comps.
Historical context
Median Sales Price is above the same-month long-term average of $233,957. It ranks in about the 100th percentile of available monthly history. Compared with the 2020-2022 period, average sales price is above that period's average. Compared with the 2008-2012 downturn period, median sales price is above that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.
For buyers
Is now a good time to buy in Albuquerque?
For Albuquerque home buyers, timing depends on affordability, available inventory, and negotiating power. The affordability index is 79, down 0.6% year over year; affordability is difficult. Supply of inventory is 2.08, down 13.2% year over year; this points to a seller-leaning market.
Monthly data used
- Median Sales Price: $387,250, up 4.5% year over year, +$16,660 absolute YoY change
- Mortgage Payment, estimated PITI: $2,817, up 1.4% year over year, +$39 absolute YoY change
- Home Affordability Index: 79, down 0.6% year over year, -1 absolute YoY change
- Active Inventory: 1,847, down 9.2% year over year, -187 absolute YoY change
- Supply of Inventory: 2.08, down 13.2% year over year, -0.32 absolute YoY change
- Days to Contract: 21, up 23.5% year over year, +4 absolute YoY change
For buyers
Buyers should weigh monthly payment comfort against selection and negotiating leverage. The data can point to conditions, but the right move depends on the property, financing, and holding period.
Historical context
Median Sales Price is above the same-month long-term average of $233,957. It ranks in about the 100th percentile of available monthly history. Compared with the 2020-2022 period, mortgage payment, estimated piti is above that period's average. Compared with the 2008-2012 downturn period, median sales price is above that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.
For sellers
Is now a good time to sell in Albuquerque?
For Albuquerque home sellers, the current detached residential market can still produce results, but pricing strategy matters. Supply is 2.08, down 13.2% year over year. Median days to contract is 21, up 23.5% year over year.
Monthly data used
- Closed Sales: 888, up 4.6% year over year, +39 absolute YoY change
- New Pending Sales: 896, up 12.1% year over year, +97 absolute YoY change
- Active Inventory: 1,847, down 9.2% year over year, -187 absolute YoY change
- Supply of Inventory: 2.08, down 13.2% year over year, -0.32 absolute YoY change
- Days on Market: 11, down 15.4% year over year, -2 absolute YoY change
- Days to Contract: 21, up 23.5% year over year, +4 absolute YoY change
- Price Changes: 893, down 8.4% year over year, -82 absolute YoY change
For sellers
Sellers should use current comparable sales and watch competing active listings. Homes that miss the market can still need price adjustments or concessions.
Historical context
Closed Sales is near the same-month long-term average of 963. It ranks in about the 63th percentile of available monthly history. Compared with the 2020-2022 period, new pending sales is below that period's average. Compared with the 2008-2012 downturn period, closed sales is above that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.
For buyers and sellers
Is Albuquerque a buyer's market or seller's market?
Based on supply of inventory, the Albuquerque metro detached residential market is currently a seller-leaning market. Supply of inventory is 2.08, down 13.2% year over year. Days to contract is 21, up 23.5% year over year; this is faster than normal. Active inventory is 1,847, down 9.2% year over year.
Monthly data used
- Supply of Inventory: 2.08, down 13.2% year over year, -0.32 absolute YoY change
- Absorption Rate: 48.1%, up 15.2% year over year, +6.3% absolute YoY change
- Days to Contract: 21, up 23.5% year over year, +4 absolute YoY change
- Active Inventory: 1,847, down 9.2% year over year, -187 absolute YoY change
For buyers
Buyers have more leverage when supply rises and homes take longer to contract, but well-priced homes can still move quickly.
For sellers
Sellers should treat market label as a pricing guide, not a guarantee. Presentation, condition, and pricing still drive results.
Historical context
Supply of Inventory is below the same-month long-term average of 3.90. It ranks in about the 37th percentile of available monthly history. Compared with the 2020-2022 period, absorption rate is below that period's average. Compared with the 2008-2012 downturn period, supply of inventory is below that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.
For buyers and sellers
Is the Albuquerque housing market crashing?
The latest Albuquerque metro detached residential data does not by itself show a housing-market crash. A crash would usually require broad price declines, a sharp rise in supply, weaker demand, and elevated distress at the same time. Median sales price is $387,250, up 4.5% year over year.
Monthly data used
- Median Sales Price: $387,250, up 4.5% year over year, +$16,660 absolute YoY change
- Sold Price per SqFt: $221, up 2.8% year over year, +$6 absolute YoY change
- Active Inventory: 1,847, down 9.2% year over year, -187 absolute YoY change
- Supply of Inventory: 2.08, down 13.2% year over year, -0.32 absolute YoY change
- Closed Sales: 888, up 4.6% year over year, +39 absolute YoY change
- New Pending Sales: 896, up 12.1% year over year, +97 absolute YoY change
- Pending Inventory: 1,149, up 3.6% year over year, +40 absolute YoY change
- Pending Fallout Rate: 20.3%, up 2.2% year over year, +0.4% absolute YoY change
For buyers
Buyers should separate negotiability from crash claims. Some sellers may adjust, but metro-level crash conditions require several indicators to weaken together.
For sellers
Sellers should avoid overpricing, but the data should be read as a set of indicators rather than a headline.
Historical context
Median Sales Price is above the same-month long-term average of $233,957. It ranks in about the 100th percentile of available monthly history. Compared with the 2020-2022 period, sold price per sqft is above that period's average. Compared with the 2008-2012 downturn period, median sales price is above that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.
For buyers
Can buyers negotiate right now?
Albuquerque home buyers can negotiate in some situations, but leverage is property-specific. Price changes totaled 893, down 8.4% year over year.
Monthly data used
- Concession Amount: $5,000, flat year over year, $0 absolute YoY change
- Price Changes: 893, down 8.4% year over year, -82 absolute YoY change
- Days to Contract: 21, up 23.5% year over year, +4 absolute YoY change
- Supply of Inventory: 2.08, down 13.2% year over year, -0.32 absolute YoY change
For buyers
Negotiation is often stronger on listings with longer market time, price reductions, condition issues, or higher price points. This dataset is metro-level, so individual listings still need property-specific analysis.
Historical context
Concession Amount is above the same-month long-term average of $3,136. It ranks in about the 99th percentile of available monthly history. Compared with the 2020-2022 period, price changes is above that period's average. Compared with the 2008-2012 downturn period, concession amount is above that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.
For buyers and sellers
How competitive is the Albuquerque housing market?
Competition in the Albuquerque metro detached residential market is faster than normal based on speed, supply, and over-asking activity. Median days to contract is 21, up 23.5% year over year. Supply is 2.08, down 13.2% year over year.
Monthly data used
- Days to Contract: 21, up 23.5% year over year, +4 absolute YoY change
- Days on Market: 11, down 15.4% year over year, -2 absolute YoY change
- Supply of Inventory: 2.08, down 13.2% year over year, -0.32 absolute YoY change
- Active Inventory: 1,847, down 9.2% year over year, -187 absolute YoY change
- Absorption Rate: 48.1%, up 15.2% year over year, +6.3% absolute YoY change
- New Pending Sales: 896, up 12.1% year over year, +97 absolute YoY change
For buyers
Buyers should be prepared on well-priced homes, especially if days to contract are low and supply is tight.
For sellers
Sellers can benefit from competitive conditions, but overpricing can still lead to longer market time or reductions.
Historical context
Days to Contract is below the same-month long-term average of 27.4. It ranks in about the 33th percentile of available monthly history. Compared with the 2020-2022 period, days on market is above that period's average. Compared with the 2008-2012 downturn period, days to contract is below that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.
For sellers
How long does it take to sell a home in Albuquerque?
For Albuquerque home sellers, time to sell should be read in two parts: time to contract and time to close. Median days to contract is 21, up 23.5% year over year. Median days in escrow is 35, up 2.9% year over year. Median list-to-close time is 56, up 1.8% year over year.
Monthly data used
- Days on Market: 11, down 15.4% year over year, -2 absolute YoY change
- Days to Contract: 21, up 23.5% year over year, +4 absolute YoY change
- Days in Escrow: 35, up 2.9% year over year, +1 absolute YoY change
- List to Close Days: 56, up 1.8% year over year, +1 absolute YoY change
- Supply of Inventory: 2.08, down 13.2% year over year, -0.32 absolute YoY change
- Absorption Rate: 48.1%, up 15.2% year over year, +6.3% absolute YoY change
For sellers
Sellers should plan for both marketing time and escrow time. Homes that are priced or conditioned outside current buyer expectations may take longer.
Historical context
Days on Market is below the same-month long-term average of 23.5. It ranks in about the 18th percentile of available monthly history. Compared with the 2020-2022 period, days to contract is above that period's average. Compared with the 2008-2012 downturn period, days on market is below that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.
For buyers and sellers
Are Albuquerque sellers offering concessions?
In the Albuquerque metro detached residential market, seller concessions are data-dependent. The median concession amount is $5,000, flat year over year. Concessions may include closing cost help, repair credits, or affordability assistance.
Monthly data used
- Concession Amount: $5,000, flat year over year, $0 absolute YoY change
- Mortgage Payment, estimated PITI: $2,817, up 1.4% year over year, +$39 absolute YoY change
- Home Affordability Index: 79, down 0.6% year over year, -1 absolute YoY change
- Supply of Inventory: 2.08, down 13.2% year over year, -0.32 absolute YoY change
- Days to Contract: 21, up 23.5% year over year, +4 absolute YoY change
For buyers
Buyers should ask about concessions where financing, repairs, or payment relief matter, especially on listings with weaker activity.
For sellers
Sellers should decide up front whether concessions are part of the pricing strategy or a negotiation tool.
Historical context
Concession Amount is above the same-month long-term average of $3,136. It ranks in about the 99th percentile of available monthly history. Compared with the 2020-2022 period, mortgage payment, estimated piti is above that period's average. Compared with the 2008-2012 downturn period, concession amount is above that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.
For buyers and sellers
Is Albuquerque inventory increasing or decreasing?
Albuquerque metro detached residential inventory is decreasing year over year based on active listings. Active inventory is 1,847, down 9.2% year over year. New listings are 1,092, down 5.7% year over year. Supply of inventory is 2.08, down 13.2% year over year.
Monthly data used
- Active Inventory: 1,847, down 9.2% year over year, -187 absolute YoY change
- New Listings: 1,092, down 5.7% year over year, -66 absolute YoY change
- Pending Inventory: 1,149, up 3.6% year over year, +40 absolute YoY change
- Closed Sales: 888, up 4.6% year over year, +39 absolute YoY change
- Supply of Inventory: 2.08, down 13.2% year over year, -0.32 absolute YoY change
- Unsold Listings: 226, up 9.2% year over year, +19 absolute YoY change
For buyers
Active inventory shows available choices; new listings show fresh supply entering the market. Buyers should watch both.
For sellers
More inventory can create more competition for sellers, while fewer new listings can keep pressure on buyer choice.
Historical context
Active Inventory is below the same-month long-term average of 3,386. It ranks in about the 40th percentile of available monthly history. Compared with the 2020-2022 period, new listings is near that period's average. Compared with the 2008-2012 downturn period, active inventory is below that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.
For buyers and sellers
Are sellers reducing prices?
In the Albuquerque housing market, price reductions are a sign of seller adjustment, not automatically a market crash. Price changes totaled 893, down 8.4% year over year.
Monthly data used
- Price Changes: 893, down 8.4% year over year, -82 absolute YoY change
- Median Original List Price: $405,000, up 1.3% year over year, +$5,100 absolute YoY change
- Median List Price: $439,000, up 0.4% year over year, +$1,755 absolute YoY change
- Days to Contract: 21, up 23.5% year over year, +4 absolute YoY change
- Supply of Inventory: 2.08, down 13.2% year over year, -0.32 absolute YoY change
For buyers
Buyers may find more room on homes with reductions, longer market time, or condition concerns.
For sellers
Sellers should use reductions as feedback. Pricing close to current demand often matters more than testing a high list price.
Historical context
Price Changes is below the same-month long-term average of 1,350. It ranks in about the 41th percentile of available monthly history. Compared with the 2020-2022 period, median original list price is above that period's average. Compared with the 2008-2012 downturn period, price changes is below that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.
For buyers
How affordable is the Albuquerque housing market?
Albuquerque housing affordability is best measured by monthly payment, not price alone. The affordability index is 79, down 0.6% year over year; affordability is difficult. Estimated PITI payment is $2,817, up 1.4% year over year.
Monthly data used
- Home Affordability Index: 79, down 0.6% year over year, -1 absolute YoY change
- Mortgage Payment, estimated PITI: $2,817, up 1.4% year over year, +$39 absolute YoY change
- Median Sales Price: $387,250, up 4.5% year over year, +$16,660 absolute YoY change
- Average Sales Price: $468,467, up 7.5% year over year, +$32,659 absolute YoY change
For buyers
Buyers should compare price, rate, taxes, insurance, and cash needs together. A lower price does not always mean a lower payment if rates or insurance costs are higher.
Historical context
Home Affordability Index is below the same-month long-term average of 113. It ranks in about the 4th percentile of available monthly history. Compared with the 2020-2022 period, mortgage payment, estimated piti is above that period's average. Compared with the 2008-2012 downturn period, home affordability index is below that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.
For buyers
Should buyers wait to buy a home in Albuquerque?
For Albuquerque home buyers, the data does not support a one-size-fits-all answer, and it should not be used to predict the future. Waiting may help if rates fall, inventory improves, or negotiating room increases. Waiting may hurt if prices rise, inventory tightens, or the right home is no longer available. Estimated PITI payment is $2,817, up 1.4% year over year.
Monthly data used
- Median Sales Price: $387,250, up 4.5% year over year, +$16,660 absolute YoY change
- Mortgage Payment, estimated PITI: $2,817, up 1.4% year over year, +$39 absolute YoY change
- Active Inventory: 1,847, down 9.2% year over year, -187 absolute YoY change
- Supply of Inventory: 2.08, down 13.2% year over year, -0.32 absolute YoY change
- New Pending Sales: 896, up 12.1% year over year, +97 absolute YoY change
- Days to Contract: 21, up 23.5% year over year, +4 absolute YoY change
For buyers
Buyers should focus on payment comfort, time horizon, property fit, and available alternatives rather than trying to time the market perfectly.
Historical context
Median Sales Price is above the same-month long-term average of $233,957. It ranks in about the 100th percentile of available monthly history. Compared with the 2020-2022 period, mortgage payment, estimated piti is above that period's average. Compared with the 2008-2012 downturn period, median sales price is above that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.
For sellers
How strong is buyer demand?
Buyer demand in the Albuquerque metro detached residential market is improving based on pending activity, closed sales, and contract reliability. New pending sales are 896, up 12.1% year over year. Closed sales are 888, up 4.6% year over year. Pending fallout rate is 20.3%, up 2.2% year over year.
Monthly data used
- Closed Sales: 888, up 4.6% year over year, +39 absolute YoY change
- New Pending Sales: 896, up 12.1% year over year, +97 absolute YoY change
- Pending Inventory: 1,149, up 3.6% year over year, +40 absolute YoY change
- Absorption Rate: 48.1%, up 15.2% year over year, +6.3% absolute YoY change
- Pending Fallout Rate: 20.3%, up 2.2% year over year, +0.4% absolute YoY change
- Pending Fallouts: 233, up 5.9% year over year, +13 absolute YoY change
- Mortgage Payment, estimated PITI: $2,817, up 1.4% year over year, +$39 absolute YoY change
- Home Affordability Index: 79, down 0.6% year over year, -1 absolute YoY change
For sellers
Sellers should distinguish completed demand from current demand. Pending activity can show buyer interest before it appears in closed sales.
Historical context
Closed Sales is near the same-month long-term average of 963. It ranks in about the 63th percentile of available monthly history. Compared with the 2020-2022 period, new pending sales is below that period's average. Compared with the 2008-2012 downturn period, closed sales is above that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.
For buyers and sellers
How does today's Albuquerque housing market compare with the past 20 years?
Compared with the past 20 years, today's Albuquerque metro detached residential market is a seller-leaning market with affordability and negotiation conditions that should be read separately from price direction. Median sales price is $387,250, up 4.5% year over year. Active inventory is 1,847, down 9.2% year over year. Affordability index is 79, down 0.6% year over year.
Monthly data used
- Median Sales Price: $387,250, up 4.5% year over year, +$16,660 absolute YoY change
- Active Inventory: 1,847, down 9.2% year over year, -187 absolute YoY change
- Supply of Inventory: 2.08, down 13.2% year over year, -0.32 absolute YoY change
- Home Affordability Index: 79, down 0.6% year over year, -1 absolute YoY change
- Days to Contract: 21, up 23.5% year over year, +4 absolute YoY change
- Days on Market: 11, down 15.4% year over year, -2 absolute YoY change
- Closed Sales: 888, up 4.6% year over year, +39 absolute YoY change
- New Pending Sales: 896, up 12.1% year over year, +97 absolute YoY change
For buyers
Buyers should compare today's payment and selection against their own needs, not just long-term price history.
For sellers
Sellers should compare today's supply, speed, and concession environment against recent norms before setting price expectations.
Historical context
Median Sales Price is above the same-month long-term average of $233,957. It ranks in about the 100th percentile of available monthly history. Compared with the 2020-2022 period, active inventory is above that period's average. Compared with the 2008-2012 downturn period, median sales price is above that period's average.
Data is based on a reviewed Southwest MLS Flex monthly market export for detached residential properties in the Greater Albuquerque market. Closed sales are a lagging indicator; pending listings, inventory, price changes, and days on market provide additional market context.