In May, home prices rose slightly from the month before, with a median listing price of $401,500.
The number of listings on the market grew 6.7%, which is a smaller increase than normal for this time of the year in Albuquerque, and homes are also selling slower than at the same time last year.
Home prices in Albuquerque
Typically, home price per square foot in Albuquerque tend to rise in May. And the most recent data shows that the price per square foot increased by 0.2% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot increased 0.5%, which means price changes in the Duke City are lagging behind the national market…