"Active listings in Albuquerque fell 5.8% year over year to 931 homes in April, while new listings remained flat at 704, indicating a tighter market for buyers."
"The median list price in Albuquerque held steady at $399,900, which is approximately $25,000 below the national median, providing an affordability advantage for buyers."
"Eighteen point one percent of active listings in Albuquerque had to reduce their prices, which is higher than the national average of 16.7%, signaling that overpricing is a concern."
"Homes in Albuquerque spent an average of 55 days on the market in April, which is three days longer than the national pace, reflecting a slowdown in buyer activity."
Albuquerque's real estate market is characterized by stable prices and a decrease in buyer activity. Active listings fell by 5.8% year over year, with new listings remaining flat. Despite fewer homes available, properties are taking longer to sell, indicating buyer selectivity. The median list price remained at $399,900, which is lower than the national median. However, 18.1% of listings experienced price reductions, suggesting that overpricing is a common issue. Homes spent an average of 55 days on the market, longer than the national average.
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