10/12/2026
Price Cuts Hit 1 in 5 Listings
Navigating today’s housing market requires both adaptability and insight. By late Q3, I observed that one in five listings underwent price cuts—a sign that many sellers, rather than stepping back, chose to remain in the market and reset their expectations. Delistings stayed below 6%, which speaks volumes about sellers’ willingness to adjust. Mortgage data also tells a story: the conforming 30-year fixed rate rose from the high-6% range at the start of the month to over 7% by mid-month, and continued to climb. Inventory grew to over 1.16 million active homes, and median listing prices edged down about 1% month-over-month to $419,300, giving buyers a bit more room at the negotiating table. New listings dipped around 2% from the previous month, at roughly 395,000. Economists noted that higher borrowing costs kept many buyers from fully taking advantage of the increased leverage. As we move into early Q4, I’m watching closely to see if these tougher conditions lead to deeper discounts, more frequent price adjustments, or longer time on market. After nearly three decades guiding Albuquerque buyers and sellers, I know how quickly dynamics can shift—and how important it is to stay informed and flexible.
