Should You Expect a Bidding War in Albuquerque Real Estate?

Should You Still Expect a Bidding War in Albuquerque Real Estate?

If you’ve been holding off on buying a home in Albuquerque because you’re worried about fierce bidding wars, you may be pleasantly surprised.

While multiple-offer situations haven’t disappeared completely, they’re far less common than they were even a year or two ago. A recent survey shows that nationally, only 1 in 5 homes (20%) received multiple offers in June 2025. That’s a big drop from 31% in 2024 and 39% in 2023.

For Albuquerque homebuyers, this shift means less competition, more time to make thoughtful decisions, and a stronger position to negotiate on price or terms.

Why Local Market Trends Matter in Albuquerque

National averages are helpful, but real estate is always local. In some parts of the country, multiple offers are still common—especially where housing inventory is tight. In others, competition has cooled dramatically.

Here in Albuquerque, the number of bidding wars often depends on price range, location, and how much inventory is available in that neighborhood. For example, desirable areas with limited homes on the market may still see multiple offers, while other parts of the city give buyers more flexibility and negotiating power.

This is where working with an experienced Albuquerque Realtor becomes invaluable. A local agent knows which neighborhoods are hot, which ones are cooling, and how to position your offer to succeed without overpaying.

Sellers Are More Flexible Than Before

The market has shifted in another key way: sellers are more willing to negotiate. According to Redfin, nearly half of sellers nationwide are offering concessions—such as paying closing costs, making repairs, or reducing their asking price to get their home sold.

That’s a big change from a few years ago when buyers in Albuquerque and across the country often had to waive inspections or appraisals just to compete. Today, buyers have more leverage and more options.

Bottom Line: What This Means for Albuquerque Buyers

If fear of a bidding war has been holding you back, now might be the right time to revisit your home search in Albuquerque real estate. Nationally, competition is down. Locally, conditions vary by neighborhood, but overall, buyers today enjoy more negotiating power and more flexibility than they’ve had in years.

As your trusted Albuquerque Realtor, I can help you understand the current market trends, identify opportunities, and guide you through the process of buying with confidence.

📌 Thinking about buying a home in Albuquerque? Let’s connect today and find out what the market really looks like for you.