"Active listings in Albuquerque fell to 912 homes in March, down 2.6% from a year earlier, while new listings dropped by 5.2%, indicating a tighter supply for buyers."
"The median list price in Albuquerque held firm at $390,000 in March, remaining flat year-over-year, while only 16.6% of listings experienced price cuts, down from last year."
"The typical Albuquerque home spent 57 days on the market, a 14% increase from a year ago, signaling that buyers are taking more time to make decisions."
Albuquerque's housing market is experiencing a decline in active listings, with only 912 homes available in March, a 2.6% decrease from the previous year. New listings also fell by 5.2%, leading to tighter supply that supports sellers' asking prices. The median list price remained stable at $390,000, contrasting with a national decline. Homes are taking longer to sell, averaging 57 days on the market, which is a 14% increase from last year. Buyers are advised to act on well-priced homes, as lowball offers are less likely to succeed.
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