Yes, now is a good time to buy in Albuquerque. Interest rates are still extremely competitive at this point and although the market has heated up somewhat, if you get actively involved now in your home search you will avoid a "hotter" market that we as Real Estate professionals believe is around the corner this Spring. Historically, many housing markets heat up in Spring and Summer meaning more buyers enter the market the result of which usually means we see more situations with multiple offers. When this begins to happen and inventory lowers, it can also drive up the price per square foot creating higher listing prices from sellers. My suggestion is to at least begin your search by getting on a "drip email campaign". This is when a Realtor reviews your specific needs and criteria for what you are looking for in a home and plugs that information into our local MLS system. From that point, you will begin to receive emails of homes that meet your specific criteria and in the comfort of your home or where ever you have access to a computer you can review the homes and their specific information including pictures. At that point if you see something you like, you can call the Realtor and schedule a viewing in person.
If you are not already working with a Realtor, I would be happy to answer all your questions and help you find your new home. Good luck!