Top Medium Teams in Albuquerque, New Mexico – Ranked by Volume

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    1Vertical Real EstateKeller WilliamsAlbuquerque, NM$62,450,784View Profile
    2ABQ Dream Home By Veronica GonzalesKeller WilliamsAlbuquerque, NM$36,838,159View Profile
    3Faithe Real EstateKeller WilliamsAlbuquerque, NM$34,494,400View Profile
    4The Shaffer GroupKeller WilliamsAlbuquerque, NM$32,669,458View Profile
    5The Rucker TeamColdwell Banker LegacyAlbuquerque, NM$32,398,600View Profile
    6NM Home DealsKeller WilliamsAlbuquerque, NM$31,022,370View Profile
    7Smith Michelle TeamColdwell Banker LegacyAlbuquerque, NM$25,671,563View Profile
    8Jeremy Navarro GroupKeller WilliamsAlbuquerque, NM$23,955,124View 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.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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