Albuquerque is currently a seller’s market, according to an analysis by Knock, a home loan company. In fact, it ranks as the 10th best market for sellers. The forecast indicates that Albuquerque will continue to be a seller’s market for the next year. Despite nationwide shifts favoring buyers, Albuquerque still experiences a shortage of homes, contributing to its seller-friendly conditions. Affordable homes, first-time home markets, and attached condos remain particularly favorable for sellers. However, mid-level homes within the $450,000 to $700,000 range may offer opportunities for buyers, depending on location. Home prices are expected to continue increasing, so prospective buyers should explore special programs and consider assumable loans to make homeownership more affordable1.
For more detailed insights into the Albuquerque housing market, you can refer to the Albuquerque Housing Market Tracker, which provides weekly updates on trends, inventory changes, and price movements2. Overall, the current data suggests a well-balanced market, offering opportunities for both buyers and sellers3.