The Dynamic Albuquerque Housing Market
The Greater Albuquerque Housing Market has an ever-changing landscape. Albuquerque Housing Market offers many options. Greater Albuquerque has a unique mix of urban, suburban, and rural living, a student population, and diverse cultural influences.
This page provides insights into Albuquerque Real Estate trends. We provide this data to help you understand the current market in the Albuquerque area so buyers and sellers can be informed about the market.
Each chart below shows all Single-Family Detached and Attached homes in the Albuquerque Metro Statistical Area. The Albuquerque MSA included Bernalillo, Sandoval, Valencia, and Torrance counties.
This shows the total number of closed home sales in the most recent month. Although a lagging measure of activity, it provides a good measure of overall activity compared to past years. Properties typically close in 30-50 days after going Pending.
Albuquerque Housing Market – Homes for Sale (Inventory)
This chart shows the number of Active Listings for sale. Active Inventory provides insights into the balance of supply and demand, which can affect home prices and the pace of home sales. The number changes continuously, and it is common to see 200-400 homes come on and off the market in a week. This is a snapshot of the number of homes for sale at the end of each month.
Pending Sales (aka Under Contract)
Pending home sales refer to the number of purchase agreements signed between buyers and sellers in the month. This monthly data shows us the buyer activity for the month and helps predict future closed sales.
Albuquerque Housing Market – Newly Listed Houses in Albuquerque
The number of new listings (made active) in the month. This is a key indicator when evaluating the supply side of the supply vs demand mix for the Albuquerque Housing Market.
Albuquerque Housing Market – Months Supply of Homes For Sale
The Month’s Supply metric takes into account both Supply and Demand. It shows the number of months needed to sell all listed homes at the current sales rate. This indicator helps us understand the Buyer’s market vs Seller’s market mix. A low month’s supply (typically less than 3-4 months) indicates a seller’s market, and a high month’s supply (typically more than 5-6 months) indicates a buyer’s market. However, this is a general rule and applies to overall market conditions. Month’s supply of homes can vary by neighborhood in Albuquerque, price range, and property type. Additionally, seasonal factors can also influence this metric.
Days On Market
Days On Market (DOM) is the days a home is for sale before it comes off the market as Pending (from Active in the MLS to Pending in the MLS). It helps evaluate the demand and sales pace. We show DOM as average and median.
Showing Activity (Foot Traffic) Single-Family Homes in Albuquerque
Tracks the Average Number of showings homes on the market had in the month. This is a very early indicator of home buyer activity.
Price Per Square Foot
Price per square foot is an excellent measure of home price trends. It is calculated by dividing the sale price of the home by the total square footage of the home. This data helps compare the value of properties of different sizes and, therefore, will give a better price trend reading than the median and average. The charts show both the Median and Average Prices per square foot.
Median Sale Price
This chart shows the median price for all closed sales in the Greater Albuquerque Housing Market in the previous month. The median price is the middle value of all homes closed in the month. Half of the homes are sold for higher prices and half for lower prices. It is a useful indicator of market conditions and is less influenced by extreme values compared to the average sale prices. However, the median price can change seasonally because the size of homes selling in the spring and early summer usually are larger and have higher prices.
Average Sale Price
Here we show the Average price for all closed sales in the month. The Average (Mean) is the sum of all home sales in the month divided by the number of homes closed in the month. It provides a general idea of the average price of homes. The average price can be affected by high or low values in the month and may not represent the typical home price.
Want More Albuquerque Housing Market Dant and Resources?
Check out our Weekly Housing Market Tracker, which gives a real-time look at the active homes on the market and shows the trends and data that inform us of future sales and home prices.
Check out our Albuquerque Real Estate Market YouTube Channel with analysis, trends, and market updates.