Top Small Teams in Albuquerque, New Mexico – Ranked By Volume

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    Greg Lobberegt TeamColdwell Banker LegacyAlbuquerque, NM$46,007,456View Profile
    The Jan Demay TeamColdwell Banker LegacyAlbuquerque, NM$33,517,034View Profile
    The Long GroupColdwell Banker LegacyAlbuquerque, NM$31,063,044View Profile
    The Buchman GroupKeller WilliamsAlbuquerque, NM$28,714,333View Profile
    The Nancy Bashore TeamRE/MAX AllianceAlbuquerque, NM$26,414,350View Profile
    Vallejos RealtyKeller WilliamsAlbuquerque, NM$25,120,810View Profile
    Missy AshcraftKeller WilliamsAlbuquerque, NM$24,044,100View 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.

    Real Estate News

    First-time homebuyers are hurt by the recent commission changes.

    Opinion: No benefit to home sellers is worth sacrificing first-time homebuyers 

    Apr 01, 2024By

    Policymakers must work with the real estate industry to develop a model that prioritizes first-time homebuyers.

    Housing Market News

    Balance

    Weekly active inventory growth still too slow 

    Mar 30, 2024By

    With higher mortgage rates, we should be able to grow weekly active inventory between 11,000 – 17,000 on some weeks.

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    Proptech startup Courted grows its roster of brokerage partnerships  

    Mar 29, 2024By

    The company was invited to join the REACH Class of 2022, a technology scale-up program backed by the NAR