28 Feb January Market Summery
The median sales price of a single-family home continues to increase as the Albuquerque market reports higher inventory and homes remaining for sale longer.
The median home value in Albuquerque is $296,671. At today’s levels, the median home value is under the national average. More specifically, the median home value in the United States is $337,560 (13.7% more than Albuquerque). That said, the Albuquerque housing market has come a long way in a relatively short period of time. Over the course of the pandemic, real estate in Albuquerque has appreciated an average of 36.7%. For context, the median home value in the United States has increased 33.9% over the same period.
Annual housing forecast puts the Duke City in the middle of the pack among the largest 100 metro areas in the U.S. as homebuyers and homeowners across the nation begin to wonder if a seller’s market will soon become a buyer’s market.
Anyone who has been to and fallen in love with New Mexico, knows that there really isn’t a bad time to visit! After all, Northern New Mexico weather averages over 300 days of sunshine per year.
We experience 4 distinct seasons here in northern New Mexico and while none of these seasons has extreme temperatures, each does offer its own unique character and beauty.
From ice caves to monasteries to flying saucer landing sites, there’s something amazing to experience in every part of New Mexico.