Top Agents in Albuquerque, New Mexico – Individuals By Sides

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2022 Market Summary

Albuquerque, New Mexico started 2022 with a total of 273 single-family homes on the market, with a median home price of $400,000 and an average price per square foot of $197. By the end of the year, inventory had increased to 614 homes on the market (+124%), with a median home price of $385,000 (-3%) and an average price per square foot of $209 (+6%).

At the start of 2022, the median days on market (DOM) was 35 days – by the end of the year, median DOM had increased to 56 days.

Albuquerque started the year with 27% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 45% of Albuquerque homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Albuquerque started 2022 as a strong seller’s market, with an MAI score of 76; by the end of the year, the MAI had dropped to 42 – a slight seller’s advantage.

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