Albuquerque Housing Market: Median Home Prices Reach Record High in 2022

May 2022 Market Snapshot

Per Albuquerque Journal and Greater Albuquerque Association of Realtors (GAAR):

• Average single-family home sale price: $405,000 (first time above $400k, record high)
• Year-over-year increase: 24%
• April 2022 sales: 1,000 homes (down 19.6% from April 2021)
• Average all residential properties (April): $370,000

Strong price growth amid declining volume reflects tight inventory and high demand.