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.

New Listings shows the number of newly listed properties each week. A significant change indicates shifts in seller behavior and market dynamics.

Percent Relisted tracks the proportion of homes relisted for sale after they were withdrawn from the market.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.

Listings Absorbed measures the number of properties taken off the market, including those that are canceled, expired or withdrawn, as well as those that are pending.

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. An excellent indicator of buyer demand in real-time. Data back to Nov. 2021 only.

Pendings (Total) is the count of Homes in Pending Status (Under Contract) each week. These represent future closed sales.

Average Days on Market for homes Active (For Sale). It represents how quickly properties are selling and gives a sense of buyer interest.

Median Days on Market for Active homes for sale. Half of the homes have been on the market for less days, and half have been on the market for more days.

Prices

List Prices, Pending Prices, Price Reductions

The Median List Price is to the price point that is in the middle of all homes currently available for sale. This is an important indicator of both seller confidence and buyer demand and can also help predict future home prices.

List Price per Square Foot is the average price for each square foot of homes for sale. It’s important because it allows for fair comparisons between homes of different sizes, offering a more accurate reflection of market trends and potential future prices than just using median prices..

The Median Pending Price is the median of all homes currently Pending (Under Contract) and a prime indicator of future Closed (Sale) prices.

Median Pending Price per Square Foot for Pending sales and is the closest thing we have to a crystal ball into price appreciation over the next few months.

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.