Santa Fe’s real estate market continued to move at a robust and healthy pace throughout the first quarter of 2018. Total residential sales of single-family homes, townhomes and condos in Santa Fe County rose by 16% over the same period last year, according to the Santa Fe Association of Realtors MLS. Median prices of residential sales rose by 7% while the average selling price rose by 5% to $422K. The first quarter also resulted in a significant decrease in days on market in all price
categories with the exception of homes priced from $2M and above. Inventories of existing residential housing decreased to their lowest level in the last three years in all price categories with the exception of homes priced from $2M and above which remained elatively flat.
Click here for the First Quarter 2018 Market Update.
Our goal in sharing this data with you is to create a better understanding of the trends affecting our unique housing market, and we hope that you find this update helpful and informative, with links to articles and market trends. If you are in the market to buy or sell or know someone who is, please allow us to be of assistance!