Santa Fe Real Estate Market Update 3/14/21
Another week of low inventory. The trend has been consistent. We have had low inventory for several weeks now, and we’re hopeful it will pick up. In order to do so, we need more houses is listed. There are still opportunities to find good quality homes. Some outside-the-box features are new construction. Locking in an opportunity that may be not on the market yet. Interest rates have stayed consistent for two weeks at 3%. Closings are down from last week by 20%. The average price point was higher and has stayed consistent with increases. We had four closings this past week, featuring the Nava Ade Neighborhood in Santa Fe New Mexico. The new price per square foot set in the neighborhood. We are hopeful to see more inventory come to market. Interested in more information? Feel free to contact us!
