Greater Albuquerque Area Statistics for 2025 as compared to 2024
FOR IMMEDIATE RELEASE
Contacts:
Chris Venegas, 2026 President, GAAR Board of Directors
505-234-5820 / chrisvenegasnm@gmail.com
Ryan Swinney, GAAR CEO
505-724-3481 / ryan@gaar.com
Greater Albuquerque Area Statistics for 2025 as compared to 2024
Single-Family Detached Homes
- Closed Sales increased 2.08% to 9,820
- Inventory of Homes for Sale decreased -7.20% to 11,706
- Median Sales Price increased 2.78% to $370,000 with the 20 Year Compound Annual Growth Rate being 4.07%
- Price per Square Foot increased 2.66% to $213.81 with the 20 Year Compound Annual Growth Rate being 3.79%
- % of List Price Received decreased -0.60% to 98.3%
Greater Albuquerque Price per Square Foot by Area
- Albuquerque
- 2024 Median Price per SqFt: $207.69
- 2025 Median Price per SqFt: $213.96
- Percent Change: +3.02%
- Corrales
- 2024 Median Price per SqFt: $281.40
- 2025 Median Price per SqFt: $298.42
- Percent Change: +6.05%
- Rio Rancho
- 2024 Median Price per SqFt: $211.35
- 2025 Median Price per SqFt: $213.93
- Percent Change: +1.22%
- Bernalillo
- 2024 Median Price per SqFt: $222.80
- 2025 Median Price per SqFt: $214.90
- Percent Change: −3.55%
- Placitas
- 2024 Median Price per SqFt: $271.11
- 2025 Median Price per SqFt: $277.51
- Percent Change: +2.36%
- East Mountains
- 2024 Median Price per SqFt: $207.74
- 2025 Median Price per SqFt: $223.53
- Percent Change: +7.60%
- Valencia
- 2024 Median Price per SqFt: $192.88
- 2025 Median Price per SqFt: $195.06
- Percent Change: +1.13%
The attached 2025 Annual Market Report is compiled by MLS staff using data from the Southwest MLS. Access recent statistics at https://www.gaar.com/market-statistics
Nationwide
The U.S. housing market navigated a challenging landscape throughout 2025. Mortgage rates remained elevated compared with recent years, and home prices continued to rise nationwide. Demand for affordable housing far outpaced supply, and with fewer buyers able to keep up with rising costs, sales of previously owned homes were subdued. Younger buyers faced steep hurdles as high rents, inflation, and student loan debt limited their ability to save for a down payment. By mid-2025, first-time buyers accounted for just 21% of all home purchases, while the typical age of a firsttime buyer reached a record high of 40, according to the National Association of REALTORS® (NAR). This aging trend extended across the broader market, as the median age of all homebuyers reached 59. NAR data show that homeowners also set a record, staying in their homes a median of 11 years before selling.
With sales activity down, inventory continued to edge higher, and homes spent more time on the market compared with the previous year, signaling a shift toward more balanced market conditions. The rise in supply has given buyers more options and reduced the sense of urgency that characterized the post-pandemic market, while sellers have rediscovered the importance of strategic pricing, especially in areas where inventory growth is strongest. Although price appreciation has slowed, home values remain roughly 50% higher than prepandemic levels, stretching budgets and prompting many would-be buyers to delay their home search until affordability increases.
Looking ahead to 2026, experts are forecasting an improvement in market activity. Mortgage rates declined through the second half of 2025 and are expected to stay in the 6% range in the year ahead, supporting incremental gains in affordability. As inventory builds, sales volume is projected to increase. Economists anticipate modest increases in home prices, well below the rapid appreciation of recent years. While conditions should become somewhat more favorable for buyers, affordability constraints and the effects of a decade-long supply shortfall will continue to shape the market. Taken together, these trends suggest 2026 will be a year of stabilization and recovery, rather than dramatic change.
# # #
About GAAR
For more than 100 years, the Greater Albuquerque Association of REALTORS® (GAAR) has served home buyers, home sellers, and the local community. Throughout the years, the Association has undergone several name changes as its geographic boundaries have expanded to include areas in Bernalillo, Valencia, Sandoval, and Torrance County.
Today GAAR is the largest local professional trade association in Central New Mexico with over 4,400 members pledged to a strict Code of Ethics and Standards of Practice. Established in 1921, GAAR is the Voice for Real Estate for the Greater Albuquerque Area and the trusted source for accurate real estate market data and trends.
REALTOR® is a registered collective membership mark that may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics.
For media assistance, please contact Sarah Bernson at 505-724-3483 or sarahb@gaar.com.