Albuquerque Real Estate Market Update – January 2025
As we step into 2025, the Albuquerque real estate market continues to evolve with new trends shaping both buyers' and sellers' strategies. Whether you're looking to buy a home, sell your property, or simply stay informed, this market update provides the latest insights and key data to help you make informed decisions.
January 2025 Market Overview
The Albuquerque housing market has started the year with a mix of steady demand and moderate inventory. Here's a snapshot of the key market indicators for January:
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New Listings: The number of new homes hitting the market has increased slightly compared to December 2024, providing more options for buyers.
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Active Listings: Inventory levels remain relatively stable, giving sellers a balanced market with moderate competition.
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Homes Sold: The total number of homes sold in January has seen a slight decline, which is typical for the winter season.
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Average Days on Market (DOM): The average time a home stays on the market is around 40 days, slightly longer than last fall but still reflecting a healthy pace.
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Median Sales Price: Home prices have remained steady, with a median sales price of approximately $345,000, a slight year-over-year increase.
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List-to-Sale Ratio: Sellers are receiving about 98% of their asking price, indicating strong buyer interest and realistic pricing.
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Months of Inventory: Albuquerque currently has about 2.5 months of inventory, signifying a balanced market that still leans slightly in favor of sellers.
What This Means for Buyers
If you're considering buying a home in Albuquerque, now is a great time to explore your options. With inventory levels improving slightly, buyers have a better selection of homes while still facing competitive pricing. Mortgage rates have remained relatively stable, which is encouraging for affordability. Working with a knowledgeable local real estate agent can help you navigate the market and find the best deal.
What This Means for Sellers
For homeowners looking to sell, Albuquerque remains a strong market. Pricing your home correctly is crucial, as buyers are becoming more discerning. Homes that are well-maintained and move-in ready tend to sell faster and closer to the asking price. If you're considering selling, now is the time to prepare your property and work with a real estate professional to maximize your return.
Looking Ahead: Albuquerque Real Estate Trends for 2025
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Interest Rates: While interest rates remain stable, slight fluctuations could impact buyer demand in the coming months.
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New Construction: More new homes are expected to enter the market, providing additional options for buyers.
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Seasonal Shifts: As we move into spring, activity is expected to pick up, making now a great time for buyers to get ahead of increased competition.
Final Thoughts
The Albuquerque real estate market in January 2025 offers opportunities for both buyers and sellers. Staying informed on local trends can help you make strategic decisions, whether you're looking to invest, upgrade, or sell your home. If you have any questions or need personalized real estate advice, don't hesitate to reach out!
Ready to Buy or Sell? Contact me today for expert guidance in navigating Albuquerque’s real estate market.
