Albuquerque Housing Market Update – January 2026

Key Takeaways

New listings dropped 13.1% compared with January 2025, meaning fewer homes entered the Albuquerque market.
Closed sales declined about 13% year-over-year, reflecting somewhat slower buyer activity.
The median price for single-family homes reached $369,000, up 2.5% from last year.
Homes are taking slightly longer to sell, with average days on market increasing to 51 days.
Housing inventory has increased slightly, about 1.6% for detached homes.

What’s Happening in the Albuquerque Housing Market?

The Albuquerque housing market in January 2026 showed a mix of stability and gradual change. Home prices continued to rise modestly, inventory improved slightly, and homes took a bit longer to sell compared with last year.

These trends suggest the local market is continuing its shift away from the extremely competitive conditions seen in recent years and toward a more balanced environment for both buyers and sellers.

While activity has cooled compared with the peak years of the housing boom, the Albuquerque market remains active and relatively healthy overall.

You can read or download the full January report here.

Fewer Homes for Sale in Albuquerque

One of the biggest changes this month was the decline in new listings. Across all property types, new listings fell 13.1% year-over-year, with 889 homes hitting the market in January.

There were 796 single-family detached homes listed and 93 condos and townhomes. So while overall inventory is up, the year is kicking off with a reduction in homes coming on market. Many homeowners remain hesitant to sell because mortgage rates today are still higher than the ultra-low rates available several years ago. That “lock-in effect” means some homeowners are choosing to stay put rather than list their homes.

Albuquerque Home Sales Slowed Slightly

Closed sales also declined compared with last January. We saw 598 homes close across all property types, representing a 13% decrease from January 2025, when 687 homes closed.

For single-family detached homes we closed 534 deals, down 12.7% from last year. And for attached homes (condos and townhomes) we closed 64 sales, down 14.7%. However, pending sales remained relatively steady, suggesting that buyer demand is still solid in the Albuquerque real estate market. Detached pending sales dipped slightly, while attached homes actually saw a small increase in contracts.

So buyers are still active, but may be taking a bit more time when making decisions.

Albuquerque Home Prices Continue to Rise

And yet, despite slower sales activity, home prices in Albuquerque continue to show modest growth. The median price for single-family detached homes reached $369,000, representing a 2.5% increase compared with January 2025. Average (mean) prices also rose slightly to about $415,235.

Townhomes and condos showed a slightly different trend. The median price for attached homes fell to $260,000, down 3.3% year-over-year.

Across all property types combined, the median home price in Albuquerque reached $352,000, reflecting slight but continued price growth of 1%.

Homes Are Taking Longer to Sell

Another sign that the Albuquerque real estate market is normalizing is the increase in time it takes homes to sell.

For single-family homes:

Average days on market: 51 days
Up from 48 days last year

Attached homes experienced a larger increase, rising from 40 days to 59 days on market. While homes are taking longer to sell compared with the ultra-fast pandemic-era market, these timelines remain well within normal historical ranges.

This mean sellers should adjust their expectations somewhat. For buyers, this is good news, giving them slightly more time to evaluate options and negotiate.

Albuquerque Housing Inventory Is Slowly Improving

Housing inventory in Albuquerque has increased slightly, giving buyers a few more choices.

At the end of January:

1,616 single-family homes were available for sale, up slightly from last year
161 attached homes were on the market

Overall, the market currently has about 2.1 months of supply, which is still well below the six months typically considered a balanced market.

That means Albuquerque still leans toward a seller-favored market, even though conditions are gradually becoming more balanced.

What This Means for Albuquerque Buyers and Sellers

For buyers, the Albuquerque housing market is becoming slightly easier to navigate. Inventory has improved, homes are taking a little longer to sell, and price growth has slowed.

For sellers, demand remains strong for well-priced homes. Properties are still selling for about 98% of their list price on average, meaning accurately priced homes continue to perform well.

As we move further into 2026, the Albuquerque real estate market appears to be stabilizing into a healthier long-term balance between supply and demand.

– Joe LaMastra, RealABQ Real Estate, February 12, 2026