May 2026 Market Update
Data from REABQ.com shows a measured pace, with 2.1 months of inventory signaling a seller-leaning but cooling market (below 2.0 months indicates strong seller power). welcomehomeabq.com
March 2026 Value
YoY Change
Median Sale Price
$365,000
-2% (flat overall)
Closed Sales
789
+3.5%
New Listings
1,047
Steady
Active Listings
1,688
Slightly lower
Months of Supply
2.1
Median Days on Market
18
Quick for priced homes
List-to-Sale Ratio
98.5%
Sellers near ask
Prices: Median sales dipped 2-3% month-over-month but are flat year-over-year, not crashing—context matters, as it reflects the mix of homes sold, not universal drops. Zillow's Home Value Index sits at $344,457 (up 0.9% YoY as of late March), while 2025's full-year median was $370,000 (up 3%). zillow.com welcomehomeabq.com
Inventory: Still tight (down 7% in 2025 to ~11,700 single-family homes; ~1,500 active now, up 18% YoY but below historical norms). No flood of listings, keeping pressure on buyers. abqjournal.com realestateinabq.com
Sales Trends: Up 2% in 2025 (9,820 closes); March activity rose 3.5% YoY. Homes move in 18-60 days, faster than pre-COVID norms. First-time buyers are older (40s+), facing affordability hurdles from rates and a 13K-28K unit shortage. abqjournal.com
So, what does this mean? We'll let me ask you a question how long have you been waiting to buy your first home? What is keeping you from taking the step? Many clients and friends ask us when a good time is and will the rates drop again. Let's dive into that for a second first is the market is still moving spring is one of the popular times for buyers. The rates right know are tending normal the housing market we saw in 2019 and 2020 that many are waiting on with low rates is not coming anytime soon. However, there is never really a good time to make your move it comes down to this what do you need to buy or sell? It all comes down to the market and what you are looking for there are many affordable properties, and they go pending everyday remember this average days on market is 18 days. So again, what are you waiting for call or message me for so we can talk more about the market and options that can help.