Santa Fe City and County home inventory remains low at 339 properties. The median sales prices between Sept 10- Sept 16, 2021 decreased from a week ago ($600,000) to now $509,575 with a total of 56 home sales in both the city and county. There is still steady buyer demand. If you track these weekly blogs you will see fluctuation. Here is the area detail snapshop with number of homes sold and median price.
Northeast City – 4 sold – $982,500 median price
Southeast City – 5 sold – $655,000 median price
Northwest City – 1 sold – $1,150,000 median price
Southwest City – 25 sold – $367,500 median price
Eldorado S/D – 9 sold – $630,000 median price
Northeast County – 6 sold – $2,575,000 median price
Southeast County – 3 sold – $457,507 median price
Northwest County – 2 sold – $490,000 median price
Southwest County – 1 sold – $895,000 median price
Far South County – 0 sold – N/A
All above data is from the Multiple Listing Report of Santa Fe Association of Realtors for the period of Sept 10 – Sept 16, 2021.
Today, the Santa Fe housing market remains a Sellers’ market. This means days on market under 90 days. At the same time, if you are a Buyer, historically low mortage interest rates do still remain in your favor. The average U.S. mortgage rates from Sept 10 – Sept 16, 2021 were 2.86%/30 year, 2.12%/15 year and 2.51% 5/1 Arm.
Why not learn more? Call or text Emily Medvec at 505.660.4541 for a seller or buyer consultation appointment. Now is not the time to be complacent. It is best to be more informed about the market, trends, neighborhoods and other information you need to know before your next move? Such as, what is the impact of the cost and supply of materials? What is the impact of option to work from home on our market? What are some solutions to selling and still finding a home I can afford? How is this market different? The bottom line is let’s connect soon. Time is money!