Albuquerque Home Prices: Q2 2025 FHFA Report
The latest FHFA House Price Index shows Albuquerque home values still rising, outpacing the national average. Inventory is improving but remains below pre-pandemic levels, and affordability pressures are closely tied to mortgage rates.
Key FHFA Findings
- Albuquerque home prices increased 4.5% year-over-year, compared to 2.9% nationally.
- Quarter-over-quarter, Albuquerque gained 0.9% while the U.S. was flat.
- Five-year appreciation: Albuquerque +57.7% vs U.S. +53.9%.
- Since 1991: Albuquerque +311% vs U.S. +329%.
Top 100 Markets By Size in the US Comparison One Year Home Price Appreciation 2025 Q2
Inventory and Market Dynamics
Active listings are up roughly 30% compared to 2024, but still about 10% below 2019. Buyers have more options than last year, but the market remains tighter than historical averages.
Because most homeowners hold low fixed-rate mortgages and have significant equity, home prices remain sticky. Even with affordability challenges, there are very few forced sales, which keeps values stable.
Affordability and Mortgage Rates
Affordability stress is increasing as mortgage rates stay in the mid-6% range. Housing costs now consume more than 30% of income for many households. Rates, however, matter more than small price changes.
Example: On a $350,000 loan, 7% interest = ~$2,329/month. At 6%, the payment drops to ~$2,099/month — a savings of about $230/month. That shift is more significant than a 5% home price reduction.
Homeowner Health and Market Stability
Delinquency and foreclosure rates remain near historic lows nationwide. Homeowners hold record levels of tappable equity, creating a strong cushion against distress and limiting forced sales.
Looking Ahead
The Zillow Home Value Forecast (ZHVF) projects Albuquerque Values will rise about +2.0% by mid-2026. Combined with FHFA data and low distress levels, the outlook suggests modest growth and continued stability, not broad declines.
About Venturi Realty Group
Tego & Tracy Venturi lead Venturi Realty Group at Real Broker, LLC — one of Albuquerque’s most experienced real estate teams. Known for market data insights, clear communication, and thousands of successful transactions, they are consistently recognized among the best real estate agents in Albuquerque.
The team also hosts the Albuquerque Real Estate Talk radio show and podcast, helping buyers and sellers stay informed on local housing trends, home values, and market conditions.