Albuquerque Real Estate | Venturi Realty Group

Albuquerque MSA Housing Market Tracker

Welcome to the Albuquerque Real Estate Market Tracker. Your weekly insight into the real estate market trends for the Albuquerque Metropolitan Statistical Area, encompassing Bernalillo, Sandoval, Valencia, and Torrance counties. These reports track single-family detached homes for sale and are updated weekly. Stay ahead with up-to-date trends, inventory changes, and price movements. Whether you’re a buyer, seller, or real estate professional, our detailed analysis offers valuable market insights to inform your real estate decisions in the Albuquerque market.
The Market Action Index (MAI) measures whether the real estate market is more favorable for home buyers or for home sellers. It’s calculated by comparing the current property sales rate to existing inventory. A higher MAI indicates a seller’s market, while a lower MAI means a buyer’s market.
In real estate, Inventory refers to the number of homes for sale (Active Listings). Monitoring inventory is crucial as it provides insights into the supply side of supply vs demand, and helps as a indicator if it’s a buyer’s or seller’s market based on the changing balance of supply and demand.
New Listings data shows the number of newly listed properties. Monitoring this helps identify market trends, as a significant change indicates shifts in seller behavior and market dynamics.
Listings Absorbed measures how quickly properties are being purchased in the market. Shifts in this trend can indicate changingΒ  market conditions, signaling either increased demand or a slowing market.
The Median List Price refers to the price point that lies in the middle of all homes currently available for sale. This metric is an important indicator of both seller confidence and buyer demand, and can also help predict future home prices. This will help you better understand market dynamics, including potential seasonal trends.
List Price per Square Foot is the median asking price per sq ft of all properties for sale, offering a consistent basis for comparing properties of different sizes. Tracking this metric is crucial as it adjusts for variations in home sizes, providing a clearer picture of market trends and future sale prices, often more accurately reflecting price movements than median.
The Median Price of New Listings data represents the middle price point of homes recently put up for sale. Tracking this metric is helpfull in understanding emerging pricing trends, as it reflects the pricing decisions of sellers and can foreshadow future price movements.
The Percent of Price Decreases data shows the proportion of homes on the market that have reduced thier listing price. High percentages suggest weaker demand and potential price declines, while low percentages indicate more robust demand and stable or rising prices.
Average Days on Market represents how quickly properties are selling. Tracking this metric helps gauge market activity and trends, indicating whether the market is speeding up or slowing down.
Percent Relisted tracks the proportion of homes relisted for sale after they were withdrawn from the market. Indicative of deals falling through or listings that expired and came back on market.

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