Albuquerque Housing Market Tracker – Updated Weekly
Your Source for Weekly Albuquerque Real Estate Trends
Stay informed with the latest updates on trends, inventory, and prices in Albuquerque’s real estate market. This data focuses on single-family detached homes in the Albuquerque Metropolitan Area, covering Bernalillo, Sandoval, Valencia, and Torrance counties.
Market Index
The Market Action Index (MAI) indicates whether the market is favorable for home buyers or sellers.
A higher MAI indicates a seller’s market, while a lower MAI indicates a buyer’s market. A reading of 30 is considered a “Balanced” Market.
Grey band was one month ago and indicates the direction of the market as a whole.
Supply
Listings (Inventory), New Listings, % Relistesd, Listings Absorbed (Off Market)
Inventory refers to the number of homes for sale (Active Listings). Monitoring inventory provides insights into the supply side of supply vs demand.
7-Day Avg
New Listings shows the number of newly listed properties each week. A significant change indicates shifts in seller behavior and market dynamics.
90-Day Weekly Avg
Percent Relisted is the share of active listings that were previously listed for sale, taken off the market (expired, withdrawn, or fell out of contract), and then put back on the market.
90-Day Weekly Avg
Listings Absorbed measures the number of properties taken off the market, including those that are canceled, expired or withdrawn, as well as those that are pending.
90-Day Weekly Avg
Demand
Pending Listings (Week), Pending Listings (Total), Days on Market
The Pending New Count is the weekly count of the Number of Homes that went under contract. It is an excellent indicator of buyer demand in real time. The data is back to Nov. 2021 only.
90-Day Weekly Avg
Pending is the total number of homes under contract (pending status) for the week, offering a forward-looking indicator of anticipated closed sales in the near future.
Weekly count.
Average Days on Market for homes Active (For Sale). It represents how quickly properties are selling and gives a sense of buyer interest.
7-Day Avg
Median Days on Market for homes for sale. Half of the homes have been on the market for fewer days, and half have been on the market for more days.
7-Day Avg
Prices
List Prices, Pending Prices, Price Reductions
Median List Price is the middle price of homes listed for sale that week, reflecting seller expectations and market trends, though less predictive than the pending median price.
7-Day Avg
List Price per Square Foot shows the average price “per square foot” of homes for sale, providing a clearer view of price trends than median prices alone.
7-Day Avg
The Median Pending Price is the middle price of all homes currently Pending (Under Contract) and is a prime indicator of future Closed (Sale) prices and annual price appreciation.
7-Day Avg
Median Pending Price per Square Foot is the middle price per square foot for homes under contract, offering the best glimpse into price appreciation trends over the next few months.
7-Day Avg
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.
Property Characteristics
Age, Size
The Average Square Foot shows the size of homes that are Active on the market.
The Average Pending Square Foot shows the size of homes that are currently Pending.
The Average Age is homes Active on the market.
The Average Age of homes that are currently Pending.
Comparing the Average Price vs Average Square Foot of Active listings.
Comparing the Median Price vs Average Square Foot of Pending listings.
* 7-day charts show a weekly data point based on the past 7 days, capturing short-term market shifts but with more volatility.
** 90-day charts show a weekly data point based on the average of the past 90 days, providing a smooth, long-term trend.