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its 2023 what is going on in the Albuquerque residential real estate market well weve seen interest rates come down which means theres a little bit more demand in the marketplace interest rates were at about six and a half percent in 2022 and now were at about 5.75 here mid-January supply has also come down a little bit we were at about 1400 and now were at about 1300. so in total that means theres a little less competition on the market if youre a seller and that means theres a little bit more competition if youre a buyer now not much has changed in terms of pricing and in terms of strategy I think if youre a seller and youre priced appropriately you should expect to sell within 14 to 21 days if you are a little overpriced at the 30 to 45 day Mark you might have to come down a little bit for buyers keep that in mind as you are looking to write an offer now looking forward to the rest of 2023 as always its impossible to predict whats going to happen but if we get a good g
