Santa Fe Housing Market Report 11/21/21

Another solid week in the Santa Fe real estate market. With a median price point staying strong at 550,000, we see a consistent price pattern for homes in Santa Fe. The inventory is still shallow in comparison to earlier months. Santa Fe county’s total homes are trending around 226 total properties available for sale. A total of 46 homes were sold this week. This has been relatively consistent, showing a 20 to 25% return on new market updates, and property is also coming off the market. With talks of interest rates going up, there is still an opportunity to lock in solid interest rates of around 3%. Shorter termed loans are offering rates even lower in the 2 to 2 1/2% range. With the low inventory, there are opportunities for sellers to capitalize. As we come into the holiday season, we see overall trends of the market starting to slow. Buyers should be prepared to hold out until they find the right home, as inventory should come up in the next few months. There are still opportunities. Have questions, or need more information?

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Data Received from the Santa Fe New Mexican