Your Real Estate Market Update

Santa Fe, NM

Single-Family Homes

Josh Goss | 505.604.7826 | https://www.joshgossnm.com



Santa Fe, NM

Sun Aug 01 2021
This week the median list price for Santa Fe, NM is $1,047,500 with the market action index hovering around 50. This is less than last month's market action index of 53. Inventory has increased to 229. Click here to stay informed with the Santa Fe market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Santa Fe, NM

Sun Aug 01 2021
This week the median list price for Santa Fe, NM is $1,047,500 with the market action index hovering around 50. This is less than last month's market action index of 53. Inventory has increased to 229. Click here to stay informed with the Santa Fe market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Santa Fe market.
Median List Price $1,047,500
Median Price of New Listings $624,950
Per Square Foot $381
Average Days on Market 87
Median Days on Market 28
Price Decreased 22%
Price Increased 4%
Relisted 1%
Inventory 229
Median Rent $2,000
Market Action 50
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,200,000 6,338 2.5 - 5 acres 4 5 19 2 3 91
$1,550,000 3,030 1 - 2.5 acres 3 4 29 6 8 35
$750,000 2,432 1 - 2.5 acres 3 3 29 13 9 28
$440,000 1,766 8,000 - 10,000 sqft 3 2 37 15 21 17