"In December, Albuquerque's active listings rose by an impressive 8.3% compared to the same month last year, totaling 1,065 homes. While the national active listing count grew by a higher 12.1%, Albuquerque's inventory expansion was commendable, with 392 newly listed homes marking a 3.2% year-over-year increase. This surge in new listings, against a national decline of 1.8%, highlighted Albuquerque's potential for sellers eager to meet the active demand."
"The median listing price in Albuquerque reached $385,000 in December, reflecting a 2.7% increase from the previous year, contrasting with a national median listing price decrease of 0.6% to $399,950. This moderate price rise underscored a robust demand in the Albuquerque market. Although the share of price reductions increased to 19.4%, up by 4.3 percentage points from last year, this indicated strategic pricing opportunities for savvy sellers responding to dynamic market conditions."
"Homes in Albuquerque had a median days on market (DOM) of 73 days in December, a modest increase of 3.6% compared to the same month last year. This mirrored the national DOM, which also averaged 73 days, despite a slightly higher national year-over-year increase of 5.0%. This alignment with national averages suggested that Albuquerque's market, while evolving, offered a stable environment for sellers to leverage broader trends."
Albuquerque's active listings rose 8.3% year-over-year in December to 1,065 homes, including 392 newly listed properties, a 3.2% increase while national newly listed homes declined. The median listing price reached $385,000, up 2.7% from the previous year, contrasting with a national median decrease to $399,950. The share of price reductions increased to 19.4%, up 4.3 percentage points. Median days on market in Albuquerque was 73 days, a 3.6% increase and equal to the national median of 73 days. Expanding inventory and resilient prices present opportunities for sellers, while heightened competition requires strategic pricing.
#albuquerque-real-estate #inventory-trends #median-listing-price #days-on-market #seller-opportunities
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