Albuquerque Real Estate Market Update – July 2025
Steady market, more inventory, and mortgage rates at a 10-month low.
TL;DR
- Inventory: ~2,050 homes for sale (+20% YoY), still below 2019 levels.
- Sales activity: Closed sales down 8% YoY for July vs July 2024; pending sales essentially flat.
- Months of supply: 2.7 (balanced but still seller-leaning overall).
- Market speed: Avg DOM 33 days; median 14 days (half sell in 2 weeks or less).
- Prices: Median sale price $370,000 (–1.3% YoY); PPSF $215 (+1.9% YoY).
- Forward signal: Median pending price $385,000 (+~6% YoY) → likely appreciation ahead.
- Mortgage rates: 30-yr fixed ~6.57% (lowest since Oct 2024, snapshot 8/8/2025).
Inventory: More Homes for Buyers
July averaged about 2,050 single-family detached homes on the market across the Albuquerque metro—up 20% year over year. We’re still roughly 20% below July 2019, but buyers have noticeably more choice than in recent years.
Sales Activity: Steady Demand
Closed sales fell about 8% versus July 2024. Looking at a broader view, the three-month rolling number is down ~2%.
Pending sales on a three-month basis landed at 2,478, essentially flat year over year (+0.8%). The takeaway: activity is steady—not frenzied, not falling off.
Months of Supply: Balanced, Still Seller-Leaning
Overall, the months of supply ended in July at 2.7. That’s a balanced feel but still generally favors sellers. By price range:
| Price Range | Months of Supply | Market Feel |
|---|---|---|
| $600,000+ | 4.7 | Buyer-friendlier |
| $400K–$600K | 3.5 | More balanced |
| $300K–$400K | ~2.0 | Seller-leaning |
| Under $300K | ~1.4 | Hottest segment |
Move-in-ready homes at the lower price bands remain competitive and can go fast.
Market Pace: Back to Normal Timing
Average Days on Market (DOM): 33—matching July 2019. Median DOM: 14 days, meaning half of homes go under contract within two weeks. Pricing, condition, and presentation still drive results.
Pricing: Flat Now, Signs of Appreciation Ahead
- Median sale price: $370,000 (–1.3% YoY)
- Price per sq. ft. (PPSF): $215 (+1.9% YoY)
- Leading indicator: Median list price of homes in pending status ~$385,000 (~+6% YoY)
- Pending PPSF: ~$218 vs. $211 last year
Pending data points to moderate price appreciation as we move into late summer and early fall.
Mortgage Rates: A Helpful Dip
As of August 8, 2025, the survey 30-year fixed rate printed around 6.57%—the lowest since October 2024. That relief supports affordability and may coax more buyers off the sidelines.
What This Means for You
For Buyers
- More inventory = more selection and slightly less competition.
- Rates at a 10-month low improve buying power—get pre-approved and be ready.
- Under $400K and move-in-ready? Act fast; those homes still move quickly.
For Sellers
- The market still leans your way—if you price smart and present well.
- Expect quicker interest for well-conditioned homes, especially below $400K.
- At $600K+, be strategic; months of supply are higher, and buyers have options but there are fewer buyers.
Bottom Line
The July 2025 Albuquerque real estate market is steady and healthy. Inventory is up 20% year over year, closed and pending sales are flat, and prices are stable with signs of appreciation ahead. We’ve shifted into a sustainable rhythm that gives both buyers and sellers more clarity.
Have Questions About Your Neighborhood?
Every home and sub-market is different. For a price opinion or a micro-market report tailored to your area, reach out:
📞 505-448-8888 |
📧 info@welcomehomeabq.com |
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