The residential real estate market in Santa Fe showed continued steady and healthy rates of growth throughout the second quarter of 2018. According to the Santa Fe Association of Realtors MLS, sales of residential properties rose by 10% over the same period from one year ago. Median prices rose by 6% while the average sales price rose by 4% to $429,000. Average days on market, another key indicator, decreased significantly in all price sectors. Listing inventories in the $750,000 to $1M and $1M+ to $2M price ranges declined by 12% and 10% respectively, increasingly competitive sectors of the Santa Fe market. The average selling price at our firm at the end of the second quarter was $675,667 vs. $484,146 for our nearest competitor.
Click here for the Second Quarter 2018 Market Update.
As always, our goal in sharing this data with you is to create a better understanding of the trends affecting our unique housing market. We hope you find it to be a valuable resource, and we look forward to working with you to meet your real estate needs now and in the future. If you have any questions about the Santa Fe market, please do not hesitate to reach out to us!