There have been plenty of stories about how the crazy real estate market of 2021 is dominated by Cash Buyers, however, in Albuquerque, the data shows only a slight increase for past years. In 2021, of the 15,265 home sales in the Albuquerque MSA, 2,300 (15.1%) were financed/paid for with cash. For comparison, we looked at 2019 (the last “normal” Real Estate market) and found 13.0% of the sales were Cash. That is a 14% increase but not as big of a change as many had thought.
2022 is looking to be another year of strong demand and low supply and this could drive more people (that can) to offer Cash to make offers more competitive.