Selling a Home in Today’s Albuquerque Market

Selling a home in Albuquerque looks a bit different than it did a few years ago. The bidding wars and multiple-offer situations that dominated 2021 through 2024 have cooled, and buyers have more time to think before deciding. That doesn’t mean sellers are in a bad position, though.

With the median home price around $385,000, many homeowners still have significant equity. So, how should you position the home when putting it on the market?

Buyers Have More Time to Think

There is about 2.92 months of inventory. There are still fewer homes available than there would be in a completely balanced market, which gives sellers some leverage. But buyers aren't necessarily rushing to make a decision.

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New Construction vs. Resale homes

The hot topic in real estate right now is, “What gets me more for my money?” Specifically, is it worth it to purchase a new build, or would it make more sense to buy an older home for the same price? 

Let’s break down the pros and cons of each side, so you can have a broader understanding of what exactly you’re getting into.

New Construction Homes

New construction homes sometimes seem like the obvious choice: a brand-new house nobody else has lived in before. Lots of people choose to build because they get a say in some of the details, which can make the home feel more personal. After all, you picked out the finishes and features yourself, so it feels like your home from the start. Watching a house be built…

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Famous People Who Have Called New Mexico Home

Did you know there are actually a lot of famous people associated with New Mexico?

As someone who was born and raised in the Land of Enchantment, I would have never thought so many famous people could either be from here or have lived here for many years.

Some people were drawn in by the mountains, have a love for our arts and culture, or simply visited for a job and ended up falling in love. Hollywood actors, musicians, authors, fashion designers, and more have made New Mexico a place to call home.

Here are a few of the people you might be surprised to learn have a connection to New Mexico.

1.) Demi Lovato

Although this fact may be a little more well-known, Demi Lovato was born in…

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Visiting New Mexico During Balloon Fiesta? Don't Miss Santa Fe!

The Balloon Fiesta is next month! Let’s plan a trip!

Every year during the first week of October, Albuquerque welcomes about 850,000 to visit the balloon fiesta. The Balloon Fiesta is the world's largest balloon event and is known as a beautiful celebration of color and community. Hundreds of balloons rise into the sky during the morning mass ascensions. 


At the same time, the evening Balloon Glow transforms the field into a beautiful sea of illuminated balloons that resemble giant lanterns; it’s truly a sight to see.

After the festivities, just an hour away is Santa Fe, one of America's most historic cities. So, if you're already in New Mexico, it's the perfect time to…

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