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Market Snapshot
Things to Do in Albuquerque
Albuquerque is the largest city in New Mexico and offers a range of lifestyle choices that combine entertainment and excitement with education and history. There is something for everyone, including the Indian Pueblo Cultural Center, the National Museum of Nuclear Science & History, the Explora Science Center and Children's Museum of Albuquerque, the Unser Racing Museum, the Anderson-Abruzzo International Balloon Museum, or the American Rattlesnakes Museum. Recreation and outdoor fun await the entire family at the Cibola National Forest, the Albuquerque Biological Park, the Elena Gallegos Park, and the Rio Grande Nature Center State Park. The annual International Balloon Fiesta, the world's largest gathering of hot-air balloons, takes place here every October.
Albuquerque Industries
Situated at the center of the New Mexico Technology Corridor, Albuquerque boasts a concentration of high-tech private companies and government institutions along the Rio Grande. Many technology fields operate here and account for nearly half of the state's economic activity. Other economic drivers include government, agriculture, tourism, manufacturing, and research & development.
Albuquerque Housing Market Conditions
Like similar areas around the country, Albuquerque's housing market is seeing a steady drop in demand and sales as mortgage rates continue to increase. New home inventory is reaching a peak, and builders are becoming more cautious about starting new projects. As a result, homebuyers can expect more incentives and price reductions, at least through early 2023.
An influx of new jobs, which has spurred the development of new master-planned residential communities in Albuquerque's suburbs, may keep things in check. However, the housing supply diminishes closer to Albuquerque's urban center, though it seems to be balanced out by decreased sales.
As of December 2022, the area housing market remained a seller's market with more people looking to buy new homes for sale in Albuquerque than there are homes available.
Most of the new homes in this area can be found outside of the city limits in new home communities in Rio Rancho, 17 miles north of the city.
Top Homebuilders in Albuquerque
Active homebuilders in the area include Pulte Homes, Twilight Homes, RayLee Homes, Abrazo Homes, and Tiara Homes contributing their expertise and high quality customer service to the home buying process.
Top Albuquerque School Districts
The Albuquerque Public Schools school district caters to over 90,000 students’ educational needs and is praised for its diversity. Bask in everything the city has to offer.
Market Overview: New Construction Homes in Albuquerque, NM
Here is a quick overview of new housing developments in the Albuquerque area and the new construction market for new build homes in Albuquerque:
| Market Name | Albuquerque |
| State Name | New Mexico |
| Subdivisions | 45 |
| Homes Under Construction | 100 |
| Quick Move-in Homes | 165 |
| Floor Plans | 391 |
| Starting Price | $209,000 |
| Average Price | $457,242 |
| Price Per SqFt | $218 |
| New Home Builders | 14 |
| Leading Builders |
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