Albuquerque Housing Market Stalls as Buyers Vanish, Listings Surge 24% in One Month
Key Takeaways Active listings in Albuquerque housing surged by 24% in January, oversaturating areas like Nob Hill and the Sandia foothills. Buyer demand has sharply decreased, prompting concerns about potential value declines in key neighborhoods. Sellers are facing tough competition and are increasingly reducing prices to attract scarce buyers. Surge in Listings Outpaces Buyer Demand A seismic shock ripples across the Albuquerque housing market as listings soar 24% in January, flooding neighborhoods like Nob Hill and the Sandia foothills with unsold homes. Brokers watch in fear as active buyers evaporate, crippling demand and stoking real concerns about plunging values along Central Avenue and beyond. Prices sit stagnant, but competition is fierce, leaving sellers slashing prices to survive. Danger looms, and every moment on the sidelines increases the risk of missing critical developments. Market Uncertainty as Listings Surge and Buyers Retreat How rapidly can the gro...