The local housing market statistics for July 2025 are in, and the inventory of available single family homes in the Greater Albuquerque, New Mexico area increased significantly year over year, at 29.3% more when compared to July 2024. The number of closed sales decreased, at 7.4% less year over year, and the number of new listings of single family detached homes increased slightly, at 0.5% more than in July 2024.

As expected for our area, the average sales price for single family homes has still increased steadily, at 0.6% higher 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 98.6% of the asking price and many 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 expected to continue to appreciate, 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.