The local housing market statistics for March 2026 are in, and the inventory of available single family homes in the Greater Albuquerque, New Mexico area increased year over year, at 2.4% more when compared to March 2025. The number of closed sales increased as well, at 4.7% more year over year, and the number of new listings of single family detached homes decreased slightly, at 2.9% less than in March 2025.

The average sales price for single family homes decreased a bit, at 5.1% lower than we saw this time last year. The continued fluctuations in interest rates have balanced the market out significantly when compared to the last few years, with the average single family detached home receiving 98.5% of the asking price and several still receiving more than the list price. The forecast for home prices in the Greater Albuquerque area is good for both buyers and sellers, since they are still expected to continue to hold their value, but at a markedly more modest pace than we’ve seen over the years since the pandemic began.

Buyers will want to take a look at today’s interest rates and make sure they have a trusted mortgage lender who can maintain their preapproval, and an excellent Realtor® who can guide them on writing a winning offer.

Market statistics for the previous month are generally available by the middle of the current month, and will be updated here as they are released.