Albuquerque and Rio Rancho Weekly Tracker

10/21/2020 Update:

This week’s look at the number of homes for sale in #albuquerque and #RioRancho.

We have now held (more or less) steady since July and ended last week with 1013 homes for sale. Since buyer demand has remained strong, this supply level still has buyers competing for great homes as they come on the market. Median Days on Market for Sept was 5 days.

I expect we will see a decline in these levels come November as many homeowners that want to sell take a pause preparing for the holidays.