Albuquerque Housing Market Update – November 2025: Steady Pace, Modest Price Growth
By Venturi Realty Group | November 2025 | Albuquerque, NM Real Estate Market Data
Closed Sales: Slightly Down but Steady Overall
In October 2025, 822 homes closed in the Albuquerque area — about 3% fewer than in October 2024 (849 sales). Over the past 12 months, 9,861 homes sold, roughly 3% more than the same period a year ago. That’s a sign of market steadiness. During the record-breaking days of 2021, more than 15,000 homes were sold in a year. We’re now hovering near 10,000 — a clear sign the market has normalized from the pandemic-driven boom.
New Listings: Slight Uptick, but Still Historically Low
Over the past year, 12,899 homes were listed — up 4.6% year-over-year. That’s progress, but still far below the 18,000+ annual listings common from 2015–2019. The reason is the “lock-in effect”: homeowners with low 3% mortgage rates are staying put. Expect this slow-moving trend to take years to rebalance as rates and lifestyles evolve.
Inventory: Technically a Seller’s Market, Functionally Balanced
Albuquerque currently has 2.8 months of housing supply — below the traditional 5–6 months that mark a balanced market. Technically, that’s a seller’s market, but in practice, the playing field feels even. Sales are taking longer, buyers have more leverage, and overall conditions favor neither side strongly.
Days on Market: Returning to Pre-Pandemic Norms
- Median days on market: 22 (up from 18 a year ago)
- Average days on market: 41 (up from 37 a year ago)
Homes are taking slightly longer to sell, but these numbers mirror 2018–2019 — a healthier, sustainable pace. During the frenzy of 2021, the median was just three days, a stark contrast to today’s steadier market.
Prices: Moderate and Sustainable Growth
- Median sales price: $364,450 (+1.2% YoY)
- Average sales price: $423,274 (+3.6%)
- Price per sq. ft.: $213 (+1.4%)
These modest increases reflect a healthy, sustainable market. Most neighborhoods are holding steady with light upward price pressure — stability replacing volatility.
Pending Sales: A Preview of the Months Ahead
On average, 1,046 homes are under contract at any given time — slightly higher than last year’s 1,023. The median list price of pending homes is $379,990, up about 4% from 2024. This points to continued, moderate appreciation through early 2026.
Market Outlook: 2026 and Beyond
- Sales pace: Stable but slower than the boom years
- Prices: Modest appreciation expected through 2026
- Inventory: Tight but gradually improving
The “lock-in effect” will continue to shape supply, but steady demand keeps prices supported. If mortgage rates ease in 2026, expect a wave of “pent-up movers” to re-enter the market.
FAQs: Albuquerque Housing Market, November 2025
Is it still a seller’s market in Albuquerque?
Technically, yes, with 2.8 months of supply, but functionally, it’s balanced. Buyers have more time, and homes take longer to sell.
Are home prices still rising?
Yes — prices are up around 1–3% year-over-year, reflecting a steady, sustainable pace.
How long are homes taking to sell?
The median is about 22 days, up from 18 last year, similar to pre-pandemic norms.
Are new listings increasing?
Slightly — up 4.6% year-over-year — but still far below pre-pandemic levels due to the lock-in effect.
What can buyers expect in 2026?
Stable conditions, modest price gains, and potentially more options if rates ease.
Conclusion
The Albuquerque real estate market in late 2025 is steady, sustainable, and balanced. Prices are inching up, homes are selling at a reasonable pace, and volatility has faded.
For deeper charts and data, visit WelcomeHomeABQ.com and explore the Market Data section — or call Venturi Realty Group at 505-448-8888 for personalized guidance.