Welcome to The Main Street Memo:

3 Trends Shaping Albuquerque’s Spring 2025 Housing Scene

Real estate isn’t just about listings and loan rates—it’s about the neighborhoods we love, the people we serve, and the stories that make a house feel like home. That’s why we’re launching The Main Street Memo, a place where our team shares local highlights, agent insights, and the market knowledge you actually want to know.

Whether you’re buying your first home, exploring investment opportunities, or simply curious about what’s going on in your ZIP code, this space is for you.

Here’s what’s happening right now across Albuquerque’s real estate landscape:

1. Prices Are Plateauing, Not Plunging

Despite what you might hear in the headlines, Albuquerque's market has remained surprisingly steady.
As of April 2025:

• The average home value is $337,000, up 3.3% year-over-year.

• Median sale prices are hovering around $345,000, a modest 3% annual increase.

In other words—this isn't a volatile market. It's one with measured momentum. Buyers aren't facing the runaway bidding wars we saw in 2021, but sellers are still getting strong offers when their pricing reflects the current pace of demand.

“I tell my clients: this is the sweet spot—there’s enough movement to act on, but not so much chaos that you feel pressured into rash decisions.” — Local Buyer's Agent

2. Listings Are (Finally) Climbing

Inventory has been inching up since late 2024, and for the first time in a while, buyers are starting to see fresh options pop up each week. Nationally, new listings are up about 9% year-over-year, and Albuquerque is tracking closely behind.

Last week alone, three new homes hit the market in East Downtown—all within walking distance of coffee shops, green space, and nightlife. That kind of activity was rare even six months ago.

More listings mean:

• Buyers can be a little more selective.

• Sellers need to prep and price more strategically.

• Everyone benefits from more balanced momentum.

3. Days-on-Market Still Favor Sellers

Even with more homes for sale, the best listings don’t last long. Albuquerque homes are still going under contract in around 16 days on average. That’s quick—and it means:

For buyers:
✔️ Get pre-approved before you shop
✔️ Be ready to write a strong offer quickly

For sellers:
✔️ Don’t overprice—you’ll still sell fast
✔️ Stage and market your home well to maximize that early window of attention

Neighborhood Spotlight: Nob Hill’s Walkability Premium

We couldn’t write our first Memo without highlighting Nob Hill—one of the most vibrant, walkable districts in the city.

Here’s why it’s still drawing buyers:

• Average home values hover around $326,000

• The new Rail Trail project is revitalizing connectivity to Downtown

• Trendy new cafés and shops continue to pop up along Central Ave

• It appeals to everyone from UNM faculty to remote workers relocating for lifestyle

“Nob Hill buyers don’t just want a home—they want a neighborhood with a vibe. You can walk to brunch, catch a local art show, or bike to campus. That’s value you can feel every day.” — Local Listing Agent

What’s Next?

Each week, The Main Street Memo will bring you:

• Spotlights on up-and-coming neighborhoods

• Stories from the field—showings, negotiations, lessons learned

• Market trends broken down in plain English

Got a question you’d like answered in a future post? Want a personalized snapshot of your neighborhood’s value trends? Send us an email at info@rocrep.com!

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Thanks for stopping by Main Street—see you next week.