In June, home prices rose moderately from the month before, with a median listing price of $409,500.
The number of listings on the market grew 13.9%, which is typical for this time of the year in Albuquerque, and homes are also selling slower than at the same time last year.
Home prices in Albuquerque
Typically, home price per square foot in Albuquerque tend to rise in June. And the most recent data shows that the price per square foot remained practically unchanged compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.4%, which means price changes in the Duke City are outpacing the national market.
Albuquerque inventory
In June, there were 1,201 homes for sale in Albuquerque, which was 13.9% more than the month before and 44.1% more than the same time last year.
Meanwhile, active inventory across the nation rose by 4.5% from last month to 1,082,520.
Time on market
Homes in Albuquerque take an average of 54 days to sell, according to June figures.
This is the same as the previous month and four days more than the same month last year.
For comparison, nationally homes spent an average of 53 days on the market in June.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Albuquerque, NM.