I
n Albuquerque's competitive real estate market, it's crucial to understand the implications for both buyers and sellers. With more homes available in the metro area, sellers may face a longer wait for offers, but there are strategies to boost buyer confidence. According to Skip Adams of #SoldBySkip, these include:

    * Prelisting inspections and repairs to address potential issues

    * Staging the home to increase its appeal and value

    * Offering virtual tours to showcase the property

    For buyers, preparing ahead can make a difference. This includes:

    * Getting prequalified with a local lender to secure financing

    * Setting up automatic searches for new listings that match their criteria

    * Budgeting for repairs, closing costs, and moving expenses

    Looking ahead, Skip Adams predicts an increase in average home prices to $425,000 and a rise in inventory levels.