The Albuquerque real estate market update for Spring 2025 brings a fresh wave of optimism, activity, and growth. According to the latest data from the Greater Albuquerque Association of REALTORS® (GAAR), we are witnessing significant increases in listings, pending sales, and overall market momentum, despite the national trend of rising interest rates.

If you're a buyer, seller, investor, or just a curious market watcher, this update breaks down what’s happening locally and how Albuquerque compares to national housing trends.

Market Activity Is Heating Up

Listings Are on the Rise

New Listings in the Albuquerque area jumped significantly compared to last year:

  • Single-Family Detached Homes: +8.7%

  • Single-Family Attached Homes: +19.8%

GAAR charts on recent new listings on the market in Albuquerque, NM April 2025.

This increase in inventory is giving buyers more options and slightly easing competition compared to 2024. It's a welcome shift for those who felt squeezed by last year’s low housing supply.

Pending Sales Surge

Pending Sales showed a sharp rise:

  • Single-Family Detached Homes: +20.4%

  • Single-Family Attached Homes: +53.8%

This indicates that buyer demand is finally breaking through. Despite mortgage rates in the mid-to-high 6% range, more buyers are entering the market, possibly encouraged by greater inventory and a fear of future rate hikes.

Home Prices Continue to Climb

Median Sales Price in Albuquerque

  • Single-Family Detached Homes: $372,995 (↑ 6.0%)

  • Single-Family Attached Homes: $279,000 (↑ 6.5%)

The Albuquerque real estate market update reflects a steady appreciation in home values. While some national markets are seeing price corrections, Albuquerque continues to experience year-over-year price growth, underscoring its stability and appeal.

Comparison to National Trends

Nationwide, existing-home sales surprised economists by jumping 4.2% in the latest report from the National Association of REALTORS®. The South and West regions, including New Mexico, saw the most substantial gains. In contrast, markets in the Northeast experienced declines, while those in the Midwest remained steady.

Albuquerque is outperforming national expectations, with faster inventory growth and more buyer activity.

More Time for Buyers to Find the Right Home

Days on Market Until Sale is up:

  • Single-Family Detached: +36.4% -Homes are now taking more time to sell, with approximately 1,315 detached homes currently on the market in the Albuquerque area.

  • Single-Family Attached: +17.1% - These homes are also spending more days on the market, with around 287 attached homes currently available.

While listings are selling more slowly than last year, this isn’t necessarily a negative. It may reflect more thoughtful buying decisions, due diligence, and signs of a market balancing out after several years of fast-paced sales.

Inventory Is Rebuilding

One of the most significant shifts in this Albuquerque real estate market update is the increase in available homes:

  • Detached Inventory: +19.5%

  • Attached Inventory: +36.4%

  • Months Supply of Inventory: Up 11.1% for detached homes and 30.8% for attached homes

This increase is helping to restore balance to what has long been a tight seller’s market. With 1.24 million properties now for sale nationwide (a 17% increase from this time last year), Albuquerque is part of a broader trend that's unfolding more swiftly here than in other regions.

What This Means for Buyers and Sellers

For Buyers

Buyers in Albuquerque can finally breathe a little easier. More choices, slightly longer market times, and a shift toward a more balanced market give you better leverage than in recent years.

Tip: Still be prepared. Desirable homes are selling quickly, especially in sought-after areas such as the North Valley, Nob Hill, and the Heights.

For Sellers

It’s still a great time to list, especially with median prices up 6%. However, pricing your home right from the start and preparing it well for showings is more important than ever in this slightly more competitive landscape.

GAAR charts of pending sales in Albuquerque, NM April 2025.

Albuquerque vs. Last Year: A Quick Recap

Final Thoughts: Where We’re Headed

The Albuquerque housing market remains strong, dynamic, and full of opportunity. While some national markets are in flux, Albuquerque is charting a steady course into Spring 2025.

Whether you’re planning to buy, sell,  invest, or simply watch the trends, now is a great time to get involved in one of the most resilient markets in the Southwest.

Ready to Make a Move?

If you're thinking about buying or selling a home in Albuquerque, our team is here to help you navigate the process with confidence. Get in touch for a personalized market analysis or browse current listings to see what’s available today.

Let’s connect and make your real estate goals happen!