Top Large Teams in Albuquerque, New Mexico – Ranked by Sides

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Rank – City SidesTeam NameCompanyLocationSidesProfile
Sandi Pressley TeamColdwell Banker LegacyAlbuquerque, NM 195.5View Profile
Lopez TeamColdwell Banker LegacyAlbuquerque, NM 126.8View Profile
JT & AssociatesKeller WilliamsAlbuquerque, NM 123.8View Profile

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2023 Albuquerque, New Mexico Housing Market Summary

Albuquerque, New Mexico started 2023 with a total of 547 single-family homes on the market, with a median home price of $399,900 and an average price per square foot of $209. By the end of the year, inventory had increased to 619 homes on the market (+13%), with a median home price of $419,000 (+4%) and an average price per square foot of $218 (+4%).

At the start of 2023, the median days on market (DOM) was 56 days – by the end of the year, median DOM had remained the same at 56 days.

Albuquerque started the year with 44% 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 44% of Albuquerque homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Albuquerque started 2023 as a strong seller’s market, with an MAI score of 59; by the end of the year, the MAI had dropped to 37 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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Albuquerque News

Biden administration looks to cut water allotments from Colorado River in migration hotspots 

Apr 12, 2023By

Homeowners in pandemic boomtowns like Phoenix and Salt Lake City will need to cut back water usage or risk the Colorado River running dry.