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The Albuquerque housing market in March showed a mix of improving buyer activity along with some price stagnation, seeing a slight decline in the median price of a single family home. While the number of new listings entering the market declined slightly compared with last year, pending sales increased noticeably for detached homes. Buyers definitely became more active as we headed into spring.

While home prices softened that modest 2.3% compared with March 2025 and homes took a little longer to sell than a year ago, inventory levels remain below what is typically considered a balanced market. Add in the significant increase in pending sales and we should see prices climb a bit over the next month or so.

The Albuquerque housing market in February 2026 continued its gradual adjustment after several years of extremely tight inventory and rapid price growth. Home prices are still rising, but at a more moderate pace, and homes are taking slightly longer to sell than they did during the most competitive market conditions. At the same time, buyer activity appears to be strengthening again. Pending sales increased compared with last year, suggesting that more buyers are entering the market as the spring season approaches. Despite some month-to-month fluctuations, the overall market remains relatively stable with steady demand and limited housing supply.

For buyers and sellers alike, the Albuquerque housing market has become slightly more balanced, while still maintaining many characteristics of a seller-leaning 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.