With the close of the second quarter of 2021, the housing market remained comfortably ahead of last year, one that was a record year for Sotheby’s International Realty – Santa Fe Brokerage. According to the Santa Fe MLS, through the first half of 2021, average sales price increased 25.7%, to $591K, compared to the same time frame one year ago, while median sales price rose more than 16%, to $435K. The number of units sold increased 34.4% and the average sales price at our firm was $910K.
In Q2 2021, buyer demand remained high in Santa Fe with sales increases across all price bands. Inventory was down significantly in all price categories with the exception of homes $2M+, which increased 7%. Average days on market was down 54% for homes priced $1-$2M and down 72% for homes priced above $2M. Sales of homes priced from $1M-$2M increased 143%, from 70 homes sold through Q2 2020 to 170 homes sold through Q2 2021.
Click here for the Second Quarter 2021 Market Update
As always, our goal in sharing market data with you is to create a better understanding of the trends affecting our unique housing market. We are committed to providing the highest quality service and will continue to support you with a suite of virtual marketing tools that are proving effective with buyers today. We hope you find this market report to be a valuable resource and 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 Caroline at 505.699.0909 or Jeff at 505.515.9979.